Retail Storefront with Residential
For Sale
$329,900
20 Melvin Ave, Lynn, MA 01902
Retail space at 20 Melvin Avenue with Lynn zoning board approval and available architectural plans for a new single-family home.
Property Size1,890 SF
Days on Market78
Property Features for 20 Melvin Ave
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Commercial
Building Details
Building Size
1,890 SF
Year Built
1890
Listing Agency:
Toner Real Estate, LLC
(781) 780-9054
Listed By:
Colleen Toner
(617) 438-7878
Source:
Iverty
Added: Jun 23
Changed: Sep 7
Last Checked: Sep 8 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Toner Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial property at 20 Melvin Avenue is currently used as a retail storefront. The site is described as having strong visibility and convenient access, and it is positioned to support a range of retail and service-oriented uses.
The property also has approval from the Lynn Zoning Board of Appeals for residential development, with approved architectural plans available for a new single-family home. It is noted as being located near the Swampscott line with access to surrounding residential neighborhoods, along with nearby shopping, restaurants, public transportation, beaches, and major commuter routes.
Whether continuing the existing retail use or pursuing the approved residential plan, the property offers an on-site option with documented zoning approval and available architectural materials.
The property also has approval from the Lynn Zoning Board of Appeals for residential development, with approved architectural plans available for a new single-family home. It is noted as being located near the Swampscott line with access to surrounding residential neighborhoods, along with nearby shopping, restaurants, public transportation, beaches, and major commuter routes.
Whether continuing the existing retail use or pursuing the approved residential plan, the property offers an on-site option with documented zoning approval and available architectural materials.
Key Highlights
- Built in 1890, commercial property currently used as retail space at 20 Melvin Avenue
- Lynn Zoning Board of Appeals approval for residential development, with approved architectural plans available
- Approved plans include development of a new single‑family home
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail space at 20 Melvin Avenue with Lynn zoning board approval and available architectural plans for a new single-family home.
Where is this storefront property located?
The property is located at 20 Melvin Ave Lynn, MA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Built in 1890, commercial property currently used as retail space at 20 Melvin Avenue; Lynn Zoning Board of Appeals approval for residential development, with approved architectural plans available; Approved plans include development of a new single‑family home
