227 Union St, Lynn, MA
Not Available - Off MarketPrice Reduced $24,000
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This Property is No Longer Available
227 Union St, Lynn, MA 01901
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$75,000
Type: Restaurant w/Liquor
Org Type: N/A
SQFT: N/A
1 Restroom

Property Description

A full-service restaurant located in Downtown Lynn District Massachusetts. The restaurant features an authentic Venezuelan cuisine menu of moderately priced "comfort", The restaurant has been operating since March 13th of 2016. It is equipped with a website that help customers order ahead for a pick-up, delivery or catering. Additionally, it partners with several food delivery apps, Uber Eats, Grubhub, Door Dash, Instacart and Caviar. This restaurant is the first in Lynn to establish work relationship with Uber to developed Uber Eats in the city. Wine and beer license included. Two weeks training is being offered.

Property Details tap to expand

Business Information

  • Special Licanses: Yes
  • Documents on File: Lease Agreement, May Show Books, Owner Provided, Pro. Forma, Tax Return

Financial Information

  • Gross Annual Expenses: 117467
  • Gross Annual Income: 211971
  • Net Operating Income: 54882
  • Tenant Expenses: Air Conditioning, Electric, Heat, Taxes, Trash Service

Building & Lot Information

  • Restrooms: 1
  • Building Construction: Brick
  • Utilities: Public Sewer, Public Water
  • Last Updated: 12/31/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/31/2024Expired$75,000MLSPIN
10/25/2024Temporarily Withdrawn$75,000MLSPIN
09/29/2024Active$75,000MLSPIN
09/25/2024Extended$75,000MLSPIN
07/20/2024Active$75,000MLSPIN
07/16/2024Price Change$75,000MLSPIN
05/26/2024Active$99,000MLSPIN
05/22/2024Extended$99,000MLSPIN
05/02/2024Active$99,000MLSPIN
04/28/2024Extended$99,000MLSPIN
04/09/2024Active$99,000MLSPIN
04/05/2024New$99,000MLSPIN
12/01/2023Expired$120,000MLSPIN
09/21/2023Active$120,000MLSPIN
09/17/2023Price Change$120,000MLSPIN
08/04/2023Active$160,000MLSPIN
07/31/2023Extended$160,000MLSPIN
06/03/2023Active$160,000MLSPIN
05/30/2023Extended$160,000MLSPIN
05/26/2023Active$160,000MLSPIN
05/22/2023Back on Market$160,000MLSPIN
05/19/2023Contingent$160,000MLSPIN
04/01/2023Active$160,000MLSPIN
03/28/2023New$160,000MLSPIN
03/28/2023Canceled$160,000MLSPIN
01/23/2023Active$160,000MLSPIN
01/19/2023New$160,000MLSPIN

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Seller's Representative: Jose Rojas, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-31 03:05:00

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