$3,400,000
$3,000,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
40 Central Square Lynn, MA 01901
0.5 Acres Lot
Key Details
Sold Price $3,400,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72586072
Sold Date 04/01/20
Annual Tax Amount $99
Tax Year 99
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Residential
Property Description
40 Central Square is a 21,590 square foot transit-oriented development parcel in downtown Lynn, Massachusetts. The site is located in the heart of the city and within an Opportunity Zone, offering compelling tax benefits to investors. Additionally, 40 Central Square is located within Lynn's Central Business District, which has attractive zoning that allows for multifamily development by special permit or office/retail/hospitality by-right. The site is currently comprised of a parking lot and 8,500 square foot office building built in 1930. It is located directly across from the Central Square MBTA Commuter Rail Station, providing access to downtown Boston in just 20 minutes.
Location
State MA
County Essex
Zoning 99
Direction 40 Central SQ is located in Downtown Lynn - steps from the MBTA commuter rail station.
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, University, Other
Waterfront Description Beach Front
Building
Lot Description Other
Sewer Other
Water Other
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Bought with Christopher Sower • Colliers International