423-427 Union St, Lynn, MA 01901
Commercial Property 
Built in 1913 
871sqft lot
—— car garage 
$——/sqft 
Listed 1 month ago
Property Description
Great opportunity to own and invest in Downtown Lynn. Commercial property located on Union Street, between Washington and Central Sq, one block from the Lynn Station commuter rail stop. Currently there are two retail units on the first floor (braid shop and a barber shop), and office spaces in need of repairs on the second level. The property is in the "Central Business District" zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in the photos are initial architectural mock-ups of a 5-story building, consisting of two commercial units on the first floor (or one larger unit), and five residential units consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.
- Listing Status:
- Active
- Date Added:
- June 23, 2025 at 05:00AM
- Listing Office:
- McNamara Realty, Inc. : 617-605-1201
- Listing Agent:
- Chris McNamara : 617-605-1201
- MLS ID:
- 73395298
- Roofing: Rubber
This listing courtesy of Chris McNamara, McNamara Realty, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
E J Harrington
21 Dexter St, Lynn, MA, 01902
Grades PK-5
0.46 miles away
Lynn Vocational Technical Institute
80 Neptune Blvd, Lynn, MA, 01902
Grades PK-12
0.89 miles away
Lynn Vocational Technical Institute
80 Neptune Blvd, Lynn, MA, 01902
Grades PK-12
0.89 miles away
