Lynn, MA 01901,112 Market St
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Lynn, MA 01901,112 Market St
Lynn, MA 01901,112 Market St

$3,450,000

Est. payment /mo

$3,650,000

5.5%
Est.Price: ?

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112 Market St Lynn, MA 01901

26,139 SqFt

SOLD DATE : 07/06/2022

Key Details

Sold Price $3,450,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 26,139 sqft

Price per Sqft $131

MLS Listing ID 72944447

Sold Date 07/06/22

Year Built 1957

Annual Tax Amount $59,767

Tax Year 2021

Lot Size 0.670 Acres

Acres 0.67

Property Description

Prominent bank building fronting on three streets on a highly visible corner lot in one of Lynn's emerging downtown areas. Opposite the new Caldwell apartment complex. Eastern Bank has recently renewed their lease for five more years. This is a high deposit branch with drive through lanes. Long term non-profit tenant on the second level. Owner has upgraded roofing and mechanical systems recently. Possible future conversion of upper floors to housing adding additional floors. Close walk to MBTA parking garage and train stop. Excellent investment potential and 1031 exchange. Elevator covers three floors plus service elevator to basement. Income and expenses will be provided after receipt of Non Disclosure Agreement.

Location

State MA

County Essex

Zoning CBD

Direction Corner of Market and Oxford and Andrew Streets near MBTA garage and train stop.

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Listed by The Drumlin Group Inc.
Bought with David Hark • The Drumlin Group Inc.
agent

Katie Gellenbeck

Advisor | License ID: 9558572

+1(206) 852-2256

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