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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

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    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.
    (781) 334-8044
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    723 Summer St Lynn, MA 01905
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    Lynn, MA 01905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    723 Summer St Lynn, MA 01905
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