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You are here:
Home Massachusetts Lynn Land for Sale

119 Essex St Lynn, MA 01902

54 Days on Boston Pads
Price Reduced $100,000
9 Photos
$1,499,000
0.15 Acre
Commercial
1 Lot
Zoning: N/A
HOA: N/A
119 Essex St
Lynn, MA 01902

Property Description

Builders/Developers/RE Portfolio Mgrs...Fully permitted "shovel ready" Age-Restricted development opportunity with permits in place. Take advantage of existing building permits and rights to build 24 Apartments consisting of 4 Studios and 20 1BR apartments. Once stabilized, the bldg will produce a steady income, low turnover and a valuable addition to your portfolio—initial occupancy rents on file for serious inquiries. Get in now to secure the opportunity to "build new." This development satisfies Lynn's Inclusionary zoning requirements.

Property Overview

Property Details click or tap to expand

Land Information

  • Land Description: Cleared|Corner|Fenced/Enclosed|Level
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Improvements: Curbs & Gutters, Lot Staked, Rough Graded, Sidewalks
  • Road Type: City Street, Public, Publicly Maint., Sidewalk
  • Waterfront Features: Ocean, Walk to
  • Distance to Beach: 1 to 2 Mile
  • Beach Ownership: Public
  • Beach Description: Ocean, Walk to

Utilities

  • Water: Community Well, Public
  • Sewer: Inspection Required for Sale, Public
  • Sewer District: LWSC
  • Electric Info: 220 Volts, At Street
  • Gas: At Street

Other Information

  • Last Updated: 05/01/24
  • Documents on File: 21E Certificate, Association Financial Statements, Blueprints, Building Permit, Drawings, Feasibility Study, Floor Plans, Investment Analysis, Land Survey, Legal Description, Management Association Bylaws, Master Deed, May Show Books, None, Recorded Plat, Restrictive Covenants, Rules & Regs, Septic Design, Site Plan, Soil Survey, Subdivision Approval, Tax Return
  • HOA: No
  • Reqd Own Association: Unknown

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/01/2024Active$1,499,000MLSPIN
04/27/2024Price Change$1,499,000MLSPIN
03/13/2024Active$1,599,000MLSPIN
03/09/2024Extended$1,599,000MLSPIN

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View Breakdown

Seller's Representative: Lou Markakis, Lynnway Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 1.0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-05-01 03:06:00