Lynn, MA has been the focus of immense investment and development, especially in the multifamily space. Starting in the early 2000s, Lynn has been the subject of a revitalization campaign to update, renew, and restore its centuries long history. Walk the city streets today and the change is obvious: take in the large-scale murals, beautiful greenspaces, and renovated historic buildings. The city is conveniently located with two different beaches and over 1,500-acres of stunning public parks that ensure over 95% of Lynn residents are within a 10 minute walk of public park. The ease of access to nature is difficult to beat this close to Boston.
Couple those features with a thriving downtown filled with diverse restaurants and experiences—and the convenience of both public transportation and easy access to major highways—makes the transition to Lynn not only sensible but exciting as well. With the large scale residential and commercial redevelopment, there is no doubt Lynn is booming, especially since being named as one of the “Top Spots to Live in Greater Boston” in 2018 by the Boston Globe. Below is just a sampling of some of the major projects:
Hunneman Commercial Real Estate is pleased to offer for sale 225 Boston St, Lynn MA. This property has been a long established successful medical office building situated on a whopping 2-acre site located on bustling Boston St. The site is primed for redevelopment and could likely accommodate over 200 apartment units & is also a prime retail location.
225 Boston Street is available for acquisition with an asking price of $3,650,000 and a going-in cap rate of 7.2%.
For more information please contact:
Carl Christie, Executive Vice President | cchristie@hunnemanre.com
Dan McGee, Vice President | dmcgee@hunnemanre.com