Overview Property Details Walkability

Active

423-427 Union St, Lynn MA 01901

Commercial Sale

Great opportunity to own and invest in Downtown Lynn. Commercial property located on Union Street, between Washington and Central Sq, one block from the Lynn Station commuter rail stop. Currently there are two retail units on the first floor (braid shop and a barber shop), a...

This home has been viewed 26 times

Last Checked: June 28th, 2025 at 5:48am (Source: MLS PIN #73395298)

General Information for 423-427 Union St, Lynn MA 01901

Listing ID73395298

Property TypeCommercial Sale

Price$495,000

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Garage Parking

ZoningCBD

AssociationNo

Year Built1913

Year Built Source

Year Renovated

Year Built Details

Handicap Access / FeaturesNo

Energy Features

Disclosures for 423-427 Union St, Lynn MA 01901

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Senior CommunityNo

Special Listing Conditions

For Sale By OwnerNo

Exclusions

Disclosures

Title 5

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Contact Information for 423-427 Union St, Lynn MA 01901

Agent

Name: Chris McNamara

MLS ID: CN217517

Office ID: AN6977

National Association ID: 454007940

Address: 21 Revere Brach Blvd #619

City: Revere

State: MA

Zip: 02151

Office

Name: McNamara Realty, Inc.

MLS Office ID: AN6977

Phone: 617-605-1201

Exclusive Listing Agent

McNamara Realty, Inc.

Chris McNamara

Agent Phone

Office Phone

(617) 605-1201

Text Agent Call Agent Call Office

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    [description] => Great opportunity to own and invest in Downtown Lynn. Commercial property located on Union Street, between Washington and Central Sq, one block from the Lynn Station commuter rail stop. Currently there are two retail units on the first floor (braid shop and a barber shop), and office spaces in need of repairs on the second level. The property is in the "Central Business District" zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in the photos are initial architectural mock-ups of a 5-story building, consisting of two commercial units on the first floor (or one larger unit), and five residential units consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.
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EXIT