723-727 Summer, Lynn, MA 01905
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$1,500,000
Type: Commercial
Gross
19473 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

This is a mixed use building with a mix of commercial tenants as well as a one-bedroom apartment. Tenant mix consists of automotive, retail, boxing gym, roofing company, storage, and a 6000+ SF owner's suite, which will be vacant upon the sale. The property is located in the Light Industrial zoning district, which allows for many different uses. This property has been owned by the same owner since 1983 and was used as his own engine and parts business for years. The rents are currently 50% below market rate, providing a tremendous amount of upside for an investor or owner-user who can utilize the vacant space for their business. There are three loading docks in the rear of the building with access to the owner's suite. All interested parties will have the opportunity to obtain additional information upon request.

Property Details tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73401733

Financial

  • Gross Annual Expenses: 53069
  • Gross Annual Income: 109200
  • Net Operating Income: 50671
  • Lease Type: Gross

Building Information

  • Total SQFT: 19473

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/13/2025Active$1,500,000$77MLSPIN
07/09/2025New$1,500,000$77MLSPIN

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Seller's Representative: Bradford Carlson, New England Realty Advisors LLC
Sub Agent Compensation: 2
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-13 04:05:00