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1-25 Munroe Street

Lynn, MA 01901
  • $3,799,999
  • STATUS: Active
  • MLS #: 73116878
UPDATED: 57 min ago
$3,799,999
  • 10
    BEDS
  • 0.29
    ACRES
  • 6
    BATHS
  • 4
    1/2 BATHS
  • 18,988
    SQFT
  • $200
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of Julius Sokol of Lokos Realty & Management.

Description

Rarely available downtown parcel in Lynn's CBD district. 12,599 sqft assemblage on the corner of Munroe Street and Market Street. Two buildings and parking lot available for sale. 1 Munroe Street features 1 retail unit and 6 gutted renovated units (2019) over 8215 sqft. High ceilings, new systems, electric service, plumbing, sprinkler, etc. Laundry rooms on each floor. Long term retail tenant. 21 Munroe Street features 5 newly vacated commercial units over 10,773 sqft. All residential units in 1 Munroe Street on leases through 8/31/2024. Lots of development options. Build 10 stories by right or keep as-is.

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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. Data last updated 2023-09-23T21:05:10.377.
www.coastalnewenglandproperties.com/homes/139987538
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1-25 Munroe Street Lynn, MA 01901

  • Price: $3,799,999
  • Status: Active
  • On Site: Days
  • Updated: 57 min ago
  • MLS #: 73116878
10
Beds
6
Baths
4
½ Baths
0.29
Acres
18,988
SQFT
$200
$/SQFT
1900
Built
County:
Essex
Property Description
Rarely available downtown parcel in Lynn's CBD district. 12,599 sqft assemblage on the corner of Munroe Street and Market Street. Two buildings and parking lot available for sale. 1 Munroe Street features 1 retail unit and 6 gutted renovated units (2019) over 8215 sqft. High ceilings, new systems, electric service, plumbing, sprinkler, etc. Laundry rooms on each floor. Long term retail tenant. 21 Munroe Street features 5 newly vacated commercial units over 10,773 sqft. All residential units in 1 Munroe Street on leases through 8/31/2024. Lots of development options. Build 10 stories by right or keep as-is.
Exterior Features

Construction Materials FrameBrick Covered Spaces 0 Garage YN No Lot Features Corner Lot Open Parking YN Yes Parking Features Paved DriveOff Street Parking Total 10 Road Frontage Type Public Roof Rubber Spa YN No View City View(S) View YN Yes Waterfront Features Beach FrontOcean1 To 2 Mile To BeachBeach Ownership(Public) Waterfront YN No

Interior Features

Basement Partially Finished Building Area Total 18988 Fireplace YN No Fireplaces Total 0 Foundation Details Granite Laundry Features Laundry Room Lead Paint Unknown Rooms Total 99

Property Features

Buyer Agency Compensation 2% Disclosures Sold As-IsWhere-Is. Buyer To Perform All Due Diligence Electric 200+ Amp Service Exclusions Tenants Belonings Gross Income 44400 Home Warranty YN No Net Operating Income 44400 Property Sub Type 5-9 Family Senior Community YN No Sewage District Lynn Sewer Public Sewer Tax Annual Amount 32797.08 Tax Year 2023 Total Actual Rent 14300 Transaction Broker Compensation 0% Water Source Public Year Built Details Approximate Zoning Cbd

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Julius Sokol of Lokos Realty & Management: 781-608-3057.


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. Data last updated 2023-09-23T21:05:10.377.
 
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Listing courtesy of Julius Sokol of Lokos Realty & Management.