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723 Summer St Lynn, MA 01905

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For Sale
$1,500,000

Multi-tenant building with value-add potential in Lynn, MA.

Property size:
19,473 SF
Lot size:
0.25 Acres

Property Features for 723 Summer St

General Information

Size
19,473 SF
Lot size
0.25 Acres

Source: New England Realty Advisors LLC Agent Brad Carlson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lynn Mixed-Use Investment Opportunity

Located at 723-727 Summer St in Lynn, MA, this mixed-use building presents a valuable opportunity. The property features a diverse tenant mix, including automotive, retail, a boxing gym, a roofing company, and storage. Additionally, it includes a one-bedroom apartment and a vacant 6000+ SF owner's suite, available upon sale. The property, situated in a Light Industrial zoning district, accommodates various uses. The current rents are 50% below market rate. The building has been under the same ownership since 1983, previously serving as an engine and parts business. The property offers three loading docks at the rear, providing access to the owner's suite. Lynn, Massachusetts, located on the Atlantic coast north of Boston, is undergoing revitalization, blending industrial history with arts, culture, and diversity. The city features beaches, green spaces like Lynn Woods, and transportation links to Boston via the MBTA Commuter Rail. The property is 19473 square feet and is zoned Light Industrial.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lynn
County
Essex
State
Massachusetts
Longitude
-70.9771233
Latitude
42.4591665

FAQs

What type of property is this?
Flex space - Multi-tenant building with value-add potential in Lynn, MA.
Where is this flex space located?
The property is located at 723 Summer St Lynn, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - 6000+ SF vacant owner's suite, ideal for owner-user or redevelopment.; - Significant upside potential due to rents being 50% below market rate.; - Priced below replacement cost.
More about this property
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