This is a mixed use building with a mix of commercial tenants as well as a one-bedroom apartment. Tenant mix consists of automotive, retail, boxing gym, roofing company, storage, and a 6000+ SF owner’s suite, which will be vacant upon the sale. The property is located in the Light Industrial zoning district, which allows for many different uses. This property has been owned by the same owner since 1983 and was used as his own engine and parts business for years. The rents are currently 50% below market rate, providing a tremendous amount of upside for an investor or owner-user who can utilize the vacant space for their business. There are three loading docks in the rear of the building with access to the owner’s suite. All interested parties will have the opportunity to obtain additional information upon request.
Property Details
Price:
$1,500,000
MLS #:
73401733
Status:
Active
Beds:
0
Baths:
0
Address:
723-727 Summer
Type:
Commercial
City:
Lynn
Listed Date:
Jul 9, 2025
State:
MA
Finished Sq Ft:
19,473
Total Sq Ft:
19,473
ZIP:
01905
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1873
Schools
Interior
Exterior
Parking Spots
5
Roof
Asphalt/ Composition Shingles, Rubber
Financial
Tax Year
2025
Taxes
$19,351
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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 JamesCourtesy of Marcus & Millichap Real Estate Investment Services. 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.
723-727 Summer
Lynn, MA
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