Lynn D'Avolio
Century 21 North East | 801-597-2857 | lynn1@soldbylynn.com

168-172 Broad St, Lynn, MA 01901

Commercial

$980,000
Price

1
Buildings
Commercial
Type of Comm.
6,628.00
Lot Size
A 3-stories of 14639 sqft commercial building for sale in high visible location; right off Lynnway and close to community college and Train Station. High traffic counts. The building consists of 5 commercial spaces; 2 spaces out of the 5 at the first floor are currently rented by the same tenant. First floor: a lounge nightclub and a restaurant in total around 5,000 sqft and current total rent is $5500 in a remaining lease of 5 years. Second floor: A 700 sqft space used to be a hair salon and rent was $850 and a 4300 sqft space used to be a manufacture company are currently vacant. Third floor: vacant 1200 sqft and rent was $1000 TAW. All current rent is $6500 in total monthly gross income, or Could be $11,000+ when fully occupied. Expenses: $2400 in total. Great income. Don't miss the opportunity!
Open House
No scheduled Open Houses
Highlights
Lot Size: 6,628.00
Acres: 0.15
List Price: $980,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Stories: 3
Buildings: 1
Total Sq. Ft.: 14,936
Year Built: 1900
Approx. GLA: 14,936
MLS#: 72273074
Exterior
Acres: 0.15
Lot Size: 6,628.00
Parking Spaces: 3
Parking Features: Street, Shared
Site Condition: Dry
Location: Downtown, Public Transportation
Utilities: Public Water
Taxes
Short Sale Lender Approval: Unknown
Lender Owned: No
21E On File: No
Assessed Building Value: $459,500
Assessed Land Value: $115,000
Exchange: No
Taxes: $19,292
Tax Year: 2015
Book/Page: 31261/446
Sublet: No
Total Assesed Value: $574,500
Zone Description: Legal Conforming
Features
Manufacturing Sq. Ft.: 999
Manufacturing Units: 1
Office Sq. Ft.: 999
Office Units: 2
Retail Sq. Ft.: 999
Retail Units: 2
Additional
Disclosure Declaration: No
For Lease: No
Space Available: For Sale
Map
The listing office is V & E Realty and the listing agent is Wai Kit Or. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 10/15/2018 10:05:00 PM.
 
Lynn D'Avolio
Lynn D'Avolio
30 years of experience and over 500 homes sold
Century 21 North East