423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
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423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
423-427 Union St
For Sale

423-427 Union St

423-427 Union St, Lynn, MA 01901

$495,000
Great opportunity to own and invest in Downtown Lynn. Located one block away from Lynn Station commuter rail stop. Prime spot for an owner occupant with either an office or apartment upstairs, and income-producing commercial tenants downstairs. Currently two retail units on the first floor, and office spaces in need of repairs on the second. The property is in the "Central Business District" zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in photos are initial architectural mock-ups of a 5-story building made up of two commercial units on the first floor (or one larger unit), and five residential units above consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.

Studio

4
baths

1,462 Sq.Ft. LIVING AREA

832 Sq.Ft. lot

Chris McNamara

Chris McNamara

Features & Amenities

Interior

  • total bedrooms0
  • Total bathrooms4
  • half bathrooms4

Area & Lot

  • Status For Sale
  • Living Area1,462 Sq.Ft.
  • Lot Area832 Sq.Ft.
  • MLS® ID73395332
  • TypeMulti-Family
  • YEAR BUILT1913
  • Water FrontageBay, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)

Exterior

  • STORIES4
  • water SourcePublic
  • roofRubber
  • lot featuresOther
  • sewerPublic Sewer
  • SubstructureOther

Financial

  • Sales Price$495,000
  • Real Estate Tax $3,021/yr
  • Zoning CBD
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Schedule a Showing

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Thank you for your interest in 423-427 Union St, Lynn, MA 01901. We are reviewing your request and will be in touch shortly!

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