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Listing Details

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School Ratings & Info

Listing courtesy of Peter Castrichini of Barry Realty Group, Llc.

Description

Outstanding development and/or investment opportunity. Commercial zoned with existing mixed use residential and commercial existing business on site. 4 residential units (2 bedrooms each) plus business with full liquor license and lottery. Long time established bar and restaurant included in sale. Additional connected property included is commercial building with existing tenant, and two more buildable lots that are already zoned for development. Entire combination of properties could be expanded into 25-30+ units. Permitting would need city approval. Expand on existing setup or demolish and build condo or rental units. The potential on this opportunity is fantastic All business number and rental income can be shared only with fully signed NDA as required by ownership. Don't let this one pass you by. Total square footage of combined properties is 14,777 sq feet.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-19T20:08:26.533.
www.gillachgroup.com/homes/119780391
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123456 Development Opportunity Way Lynn, MA 01905

  • Price: $2,200,000
  • Status: Active
  • Updated: 81 min ago
  • MLS #: 72872459
0
Beds
0
Baths
0
½ Baths
0.34
Acres
14,777
SQFT
$149
$/SQFT
1875
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Outstanding development and/or investment opportunity. Commercial zoned with existing mixed use residential and commercial existing business on site. 4 residential units (2 bedrooms each) plus business with full liquor license and lottery. Long time established bar and restaurant included in sale. Additional connected property included is commercial building with existing tenant, and two more buildable lots that are already zoned for development. Entire combination of properties could be expanded into 25-30+ units. Permitting would need city approval. Expand on existing setup or demolish and build condo or rental units. The potential on this opportunity is fantastic All business number and rental income can be shared only with fully signed NDA as required by ownership. Don't let this one pass you by. Total square footage of combined properties is 14,777 sq feet.
Exterior Features

Parking Features 21+ Spaces Parking Spaces 50 Site Condition Dry Stories 2

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 5000.00 Rsf Building Sq Ft 4000.00 Total Building Sq Ft 14777.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 506300.00 Assessed Value Land 230900.00 Assessed Value Total 737200.00 Commercial Industrial Type Commercial Disclosure No Disclosures Nda Required Exchange No Lease No Lender Owned No Mau Units 0 Ofu Units 1 On File21 E Yes Reu Units 2 Rsu Units 4 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2020 Taxes 9878.48 Total Units 6 Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Bd

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Peter Castrichini of Barry Realty Group, Llc.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-19T20:08:26.533.
 
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The Gillach Group | William Raveis Real Estate
191 Grove Street
Chestnut Hill MA, 02467
Listing courtesy of Peter Castrichini of Barry Realty Group, Llc.