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.
Property Details
Price:
$3,650,000
MLS #:
72944447
Status:
Under Agreement
Baths:
0.00
Address:
112 Market St
Type:
Commercial
City:
Lynn
Listed Date:
Feb 15, 2022
State:
MA
Square Ft (approx):
26,139
ZIP:
01901
Lot Size:
29,185 sqft / 0.67 acres (approx)
Schools
Interior
Total Bldg Sq Ft
26,139
Exterior
Financial
Assessed Bldg Value
$1,919,500
T A X E S
$59,768
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 341 Union Street
Lynn, MA$2,799,900
0.23 miles away
Courtesy of The Drumlin Group Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
112 Market St
Lynn, MA
