Central Sq Lynn, MA 01901

Property Details for Central Sq

Year built

1890

Lot size

0.09 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property, situated in the heart of downtown Lynn, Massachusetts, presents a unique investment opportunity. Spanning 3,000 square feet on a 0.09-acre lot, this turnkey operation offers immediate cash flow potential. The property comprises two distinct income-generating spaces. First, a leased retail space provides a consistent monthly income stream, with the potential for future rent increases. Secondly, a fully equipped restaurant with a full bar, seating for 50 patrons, and an active liquor license is ready for immediate operation or re-conceptualization. A separate storage area adds to the property's functionality and versatility. Its prime location in Central Square places it within minutes of the commuter rail, numerous luxury residential buildings, and the vibrant downtown core, ensuring high foot and vehicular traffic for optimal visibility. This rapidly developing area of Greater Boston benefits from proximity to the ocean, attracting both residents and tourists. The surrounding neighborhoods are thriving, with expanding commercial activity and easy access to public beaches. This property is ideally suited for savvy investors seeking strong income, high visibility, and long-term appreciation in one of the fastest-growing areas of Greater Boston. The combination of a stable retail tenant and a fully equipped restaurant presents a compelling opportunity for significant return on investment.

Location Insight

City

Lynn

County

Essex

State

Massachusetts

Longitude

-70.9471

Latitude

42.4615