Why rent when you can own and build equity. 2 office condos on one deed. The new owner has the opportunity to utilize all 1740 sq ft or gain income ($1750. monthly) from the abutting unit (900+ sq ft) currently tenanted with a stable 10-year tenant. High visibility corner unit. Easy access to main routes, public transportation, and Logan Airport. The property offers two generously sized office spaces, an open reception area, a bathroom & storage closet in each unit, plus guest parking. One of the offices is going to be delivered vacant; the other one can keep the 10+ year tenant (lease ending 12/31/2023) @ $1750. monthly or utilize the entire space. Two units on one deed. Current zoning allows for a variety of uses for new owner commercial/industrial Lynnway corridor, close to North Shore Community College, downtown, stores, banks, restaurants, etc. The building is professionally managed and is a smart investment similar to purchasing a two-unit income property. Use ALL or take income.
This home has been viewed 34 times
Last Checked: May 7th, 2024 at 6:02am (Source: MLS PIN #73164731)
General Information for 152 Lynnway # 1A, Lynn MA 01902
Listing ID73164731
Property TypeCommercial Sale / Commercial Condo
Price$399,900
Style
CityLynn
CountyEssex
Neighborhood(s)
ZoningWF2
Association0
Year Built1988
Disclosures for 152 Lynnway # 1A, Lynn MA 01902
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsGenerator
Buyer Agent Compensation2.0
Facilitator Compensation1.0
Compensation Based On
Contact Information for 152 Lynnway # 1A, Lynn MA 01902