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32227668
32227695

723 SUMMER ST, LYNN, MA 01905-1929

JF
MA MA 9516868, MA MA 9516868-RE-S (+2)
KW Commercial Faulkner Commercial Group
Listed by KW Commercial Faulkner Commercial Group
$1,495,000
34 days on market
Updated 25 days ago

Value-add Mixed-use Commercial Property

Details
APN 020-287-007
Property Type Retail, Industrial (+1)
Sub Type Storefront, Auto Shop (+1)
Square Footage 19,473
Units 3
Cap Rate 3.38%
NOI $50,671
Year Built 1873
Buildings 1
Stories 2
Lot Size (SqFt) 10,898
Zoning LI
Investment Type Value Add
Ground Lease No
Dock High Doors 2
Sale Condition For sale by owner

About This Property

Marketing description

Value-add investment opportunity. ±19,473 SF mixed-use commercial property located on a corner parcel in Lynn, MA.

The property includes a mix of automotive service bays, retail frontage, fitness/training space, warehouse/flex areas, and one residential unit. The current layout supports multiple tenants and uses, with potential to improve income through re-leasing, space reconfiguration, or operational efficiencies.

Situated within Light Industrial (LI) zoning, the property allows for a range of commercial and industrial uses, making it suitable for both investors, owner-users, or possible redevelopment.

Three overhead doors, fenced-in parking, and six separate meters. The asset offers in-place income with upside tied to lease-up, repositioning, or operational optimization.

All information was obtained from the owner and public records; prospective buyers should perform their own due diligence. Offering Memorandum with financial information is under development and will be released with an executed Non Disclosure Agreement.

Investment highlights

±19,473 SF Mixed-use commercial asset.

Light Industrial (LI) zoning allows a wide range of uses.

Strong access to Boston and regional transit via MBTA Commuter Rail.

Listing Contacts

JF
MA MA 9516868, MA MA 9516868-RE-S (+2)
KW Commercial Faulkner Commercial Group
Listed by KW Commercial Faulkner Commercial Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,671.00
$4,222.58/mo

Valuation Metrics

0
DSCR
3.39%
Cap Rate
3.39%
ROI

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Additional Information

Name
Janet Faulkner
License
MA 9516868
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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