Furniture Warehouse with Storage
For Sale
$2,600,000
29 Bennett St, Lynn, MA 01905
Long-standing furniture warehouse with gas heat, full sprinklers, and a newly built storage basement for industrial storage or operations.
Property Size29,600 SF
Price / SF$87.84
Days on Market52
Property Features for 29 Bennett St
General Information
Standard status
Active
Size
29,600 SF
Property subtype
Commercial
Zoning
HI, Legal Non-Conforming
Additional Details
Opportunity Zone
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$18,396
Building Details
Building Size
29,600 SF
Year Built
1880
Listing Agency:
The Drumlin Group Inc.
(781) 854-1037
Listed By:
Jacob Vanmeter
(781) 854-1037
Source:
Startpoint
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 19 at 1:54PM
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 The Drumlin Group Inc.
Investment Insights
Based on property information with market context.
This long-standing furniture warehouse totals 29,600 square feet of floor area and includes a newly built storage basement. The building is heated with gas Modine heaters and is fully sprinklered. The site also has an electric lift for moving inventory to the second level.
The property sits on 38,501 square feet of flat, usable land and is zoned IL. The owner currently leases outside storage space to four tenants, totaling $6,200 per month. The property is also designated as an Opportunity Zone.
With manufacturing, light industrial use, and truck parking allowed by right, the facility can fit a range of industrial and logistics-oriented operations. For users seeking on-site warehousing plus exterior storage, the current setup provides both enclosed space and leased outside storage. For buyers considering redevelopment, the Opportunity Zone designation and IL zoning support a broader path for future planning while keeping the existing warehouse and basement improvements available for immediate use.
The property sits on 38,501 square feet of flat, usable land and is zoned IL. The owner currently leases outside storage space to four tenants, totaling $6,200 per month. The property is also designated as an Opportunity Zone.
With manufacturing, light industrial use, and truck parking allowed by right, the facility can fit a range of industrial and logistics-oriented operations. For users seeking on-site warehousing plus exterior storage, the current setup provides both enclosed space and leased outside storage. For buyers considering redevelopment, the Opportunity Zone designation and IL zoning support a broader path for future planning while keeping the existing warehouse and basement improvements available for immediate use.
Key Highlights
- Long‑standing furniture warehouse/store built in 1880 with 29,600 SF of floor area plus a newly built storage basement
- 38,501 SF flat usable site zoned IL, with manufacturing, light industrial use, and truck parking allowed by right
- Currently leases to four tenants for $6,200/month for outside storage space
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01905, MA
27,761
Population
9,583
Households
2.9
Avg Household Size
34
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
8,955
Density / Sq Mi
$84,341
Median Household Income
$42,983
Median Earnings
$1,749
Median Rent
$443,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Long-standing furniture warehouse with gas heat, full sprinklers, and a newly built storage basement for industrial storage or operations.
Where is this warehouse located?
The property is located at 29 Bennett St Lynn, MA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Long‑standing furniture warehouse/store built in 1880 with 29,600 SF of floor area plus a newly built storage basement; 38,501 SF flat usable site zoned IL, with manufacturing, light industrial use, and truck parking allowed by right; Currently leases to four tenants for $6,200/month for outside storage space
