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 Details

Price:
$1,499,000
MLS #:
73210571
Status:
Active
Beds:
0
Baths:
0
Address:
119 Essex St
Type:
Land
Subtype:
Commercial
City:
Lynn
Listed Date:
Mar 9, 2024
State:
MA
ZIP:
01902
Lot Size:
6,454 sqft / 0.15 acres (approx)

Schools

Elementary School:
Ingalls
Middle School:
T. Marshall
High School:
English-Stmarys

Interior

Exterior

Community
55+
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T- Station, Sidewalks

Financial

Buyer Agent Compensation
2.0%
Tax Year
2024
Taxes
$2,464

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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119 Essex St
Lynn, MA