Listing photo for 123456 Development Opportunity Way, Lynn, MA

123456 Development Opportunity Way,

Lynn, MA

$2,200,000

14,777 Sqft
0.34 Acres

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.

Facts & Features
MLS® # 72769126
Price $2,200,000
Square Footage 14,777
Acres 0.34
Type Income/Multi Family
Sub-Type Commercial
Status Active
Annual Taxes $9,878
Tax Year 2020
Community Information
Address 123456 Development Opportunity Way
City Lynn
County Essex
State MA
Zip Code 01905
Amenities
Parking Spaces 50
Parking 21+ Spaces
Additional Information
Foreclosure No

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

What's Your Home Worth? Find out now, for Free.

Let's Go