Great long term commercial investment opportunity to purchase the “GROUND LEASE” of a major pharmacy chain tenant in prime Lynn high traffic location. Current Walgreens occupant has 15 years remaining on their initial 50-year leasehold. This exceptional building built in early 1990’s sits on 26,794 sf. Total area of the building is approximately 9,227 sf. Recent Estate Appraisal completed on behalf of the family.

Property Details

Price:
$2,500,000
MLS #:
73395633
Status:
Active
Beds:
0
Baths:
2
Address:
290 Broadway
Type:
Commercial
City:
Lynn
Listed Date:
Jun 24, 2025
State:
MA
ZIP:
01904
Lot Size:
26,794 sqft / 0.62 acres (approx)
Year Built:
1994

Schools

Interior

Exterior

Parking Spots
40

Financial

Tax Year
2025
Taxes
$56,406

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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.,…

More About James
290 Broadway
Lynn, MA