38 Commercial St
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38 Commercial St
6,346 SF Retail Building Lynn, MA 01905 $1,200,000 ($189/SF)
Executive Summary
One story masonry building used as a child care center. Currently five large classrooms with child bathrooms between each two classrooms. Fully air conditioned space with high (11') ceilings. 400 Amps of power. Two handicap employee bathrooms. Partial basement. Skylights and very good window lighting. Adjacent to municipal playground. This facility is in very good condition and would function well in a continuation of this child care use. Alternatively, the R-5 zoning designation invites the possibility of an apartment building which would be in close walking proximity to Market Square.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,346 SF
Building Class
C
Year Built
1920
Price
$1,200,000
Price Per SF
$189
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
R5, Lynn - Legal Conforming
Frontage
57 FT on Commercial
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | LYNN-000053-000738-000030 | Improvements Assessment | $2,199,500 |
| Land Assessment | $285,100 | Total Assessment | $2,484,600 |
PROPERTY TAXES
Parcel Number
LYNN-000053-000738-000030
Land Assessment
$285,100
Improvements Assessment
$2,199,500
Total Assessment
$2,484,600
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Presented by
Drumlin Group Inc
38 Commercial St
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