Central Sq Lynn, MA 01901

Property Details for Central Sq

Year built

1890

Lot size

0.09 lot acres

Property type

Investment properties

Description

This exceptional commercial property, situated in the heart of Lynn's revitalized downtown, presents a unique investment opportunity. Spanning 3,000 square feet on a 0.09-acre lot, this turnkey business boasts two distinct income streams. A currently leased retail space generates consistent monthly income, with significant potential for future rent increases. The second space is a fully operational restaurant, complete with a full bar, seating for 50 patrons, and a valuable liquor license. This versatile space is ready for immediate use, adaptable to a variety of dining concepts. A dedicated storage area adds to the property's functionality. The property's prime location offers unparalleled visibility, benefiting from high foot and vehicle traffic. Its proximity to the commuter rail, luxury residential developments, and the vibrant downtown core ensures a constant flow of potential customers. Furthermore, its location in one of Greater Boston's fastest-growing areas, near the ocean and thriving neighborhoods, adds significant appeal. This strategic location, combined with the existing income-generating components, makes this a compelling investment for those seeking strong returns and long-term value appreciation. The property's potential for growth is undeniable, making it an ideal acquisition for savvy investors seeking a profitable and established business. The combination of retail and restaurant operations provides a diversified income stream, mitigating risk and maximizing return on investment.

Location Insight

City

Lynn

County

Essex

State

Massachusetts

Longitude

-70.9471

Latitude

42.4615