NOT LISTED FOR SALE

40 Central Square Lynn, MA 01901

Downtown Lynn Neighborhood

0.5 Acre

-- Price per Acre

21,780 Sq Ft Lot

Last sale price $3,400,000

90 Days on Market

About This Lot

As of April 2020

40 Central Square is a 21,590 square foot transit-oriented development parcel in downtown Lynn, Massachusetts. The site is located in the heart of the city and within an Opportunity Zone, offering compelling tax benefits to investors. Additionally, 40 Central Square is located within Lynn's Central Business District, which has attractive zoning that allows for multifamily development by special permit or office/retail/hospitality by-right. The site is currently comprised of a parking lot and 8,500 square foot office building built in 1930. It is located directly across from the Central Square MBTA Commuter Rail Station, providing access to downtown Boston in just 20 minutes.

Last Agent to Sell the Property

Chris Sower

Cushman & Wakefield Listed on: 10/29/2019

Last Buyer's Agent

Chris Sower

Cushman & Wakefield Listed on: 10/29/2019

Property Details

Property Type

Land

Listing Details

Property Type: Land
Comp Based On: Gross/Full Sale Price
Special Features: None
Property Sub Type: LotsLands

Interior Features

Main Lo: AC2397
Main So: AC2397

Exterior Features

Beachfront Flag: Yes

Condo/Co-op/Association

Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access, House Of Worship, Marina, Public School, T-Station, University

Lot Info

Assessments: 99.00
Zoning: 99
Acre: 0.50
Lot Size: 21590.00
Lots And Land Type: Residential
Page: 99
Zone Usage: Multi-Family

Tax Info

Taxes: 99.00
Assessor Parcel Number: 2003416

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Property History

Date	Event	Price	List to Sale	Price per Sq Ft
04/01/2020 04/01/20	Sold	$3,400,000	+13.3%	--
01/27/2020 01/27/20	Pending	--	--	--
10/29/2019 10/29/19	For Sale	$3,000,000	--	--

Source: MLS Property Information Network (MLS PIN)

Agents Affiliated with this Home

Seller's Agent in 2020

Chris Sower

Cushman & Wakefield

(617) 204-4134

40 Total Sales

Chris Sower

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72586072

Massachusetts Essex County Lynn 01901 Downtown Lynn

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