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 under development.
723-727 Summer St, Lynn, MA, 01905
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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