271 Western Ave - R&D FOR SALE


Lynn, MA 01904- North Suburbs-Essex
$5,300,000 USD
617-625-8315
271 Western Ave, Lynn, MA for Sale
$5,300,000 USD
R&D - FOR SALE
1/20
null | Request Cap Rate

271 Western Ave
Lynn, MA 01904
North Suburbs-Essex


HIGHLIGHTS

  • Creative Economy Hot Spot
  • Long-Term Ownership
  • Decades of Solid Operating History
  • 80+ Tenants

OVERVIEW

Lab, incubator, creative economy hot spot! Destination for makers, creators and entrepreneurs on the North Shore of Boston, ~90,000 gross sq ft mixed-use incubator building located on Route 107 in Lynn, Mass. being offered for sale at a very low price of $5.3 million. Owned and operated by same outfit for nearly 25 years and prior to that by another family for multiple decades. This is your chance to steward a disappearing incubator building while also earning a return on your investment. Decades of solid operating history. 80+ tenants. Keep this force of economic activity thriving!

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lydia Pinkham Bldg

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1896

UTILITIES

Lighting - Fluorescent, Heating

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,651

ZONING

LI

APN/PARCEL ID

LYNN-000085-000252-000007

ASK ABOUT THIS PROPERTY

617-625-8315

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617-625-8315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.