40 Central Square

21,590 / 0.50
Lot Size / Acres

Description

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...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.
  1. Listed by Christopher Sower • Cushman & Wakefield

Property Details for 40 Central Square

Town
Lynn
Area
MA-Lynn
LISTING UPDATED: 08/05/2022 08:15 PM

Property Details for 40 Central Square

StatusSold
MLS #72586072
Days on Market90
Taxes$99 / year
HOA Fees-
Property TypeLand
MLS TypeLand / Residential
Year Built-
CountyEssex County

Location

Listing Courtesy of Cushman & Wakefield, Christopher Sower

Sold By Cushman & Wakefield, Christopher Sower

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Building Information for 40 Central Square

Lot Size0.50 AC

Payment Calculator

$17,129 per month

30 year fixed, 6.46% Interest

Principal and Interest

$17,121

Property Taxes

$8

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Central Square

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, University, Other (See Remarks)
  • Current Financing: Other
  • Waterfront: No
  • Water View: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Lot Description: Other
  • Waterfront Features: Beach Front
Utilities
  • Electric: Other (See Remarks)
  • Gas: Other (See Remarks)
  • Sewer: Other (See Remarks)
  • Water: Other
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 2003416
  • Assessments: $99
  • Book: 99
  • Tax Year: 99
  • Zoning: 99
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1%
  • Other Agent Compensation: 0%

Property History for 40 Central Square

DateEvent & SourcePriceAppreciation
Apr 1, 2020

Sold

MLS PIN #72586072

$3,400,000
Apr 1, 2020

Under Agreement

MLS PIN #72586072

Apr 1, 2020

Contingent

MLS PIN #72586072

Oct 29, 2019

Listed (Active)

MLS PIN #72586072

$3,000,000
DateEvent & SourcePrice
04/01/2020

Sold

MLS PIN #72586072

$3,400,000
04/01/2020

Under Agreement

MLS PIN #72586072

04/01/2020

Contingent

MLS PIN #72586072

10/29/2019

Listed (Active)

MLS PIN #72586072

$3,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 40 Central Square

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Harrington Elementary School
PublicPK to 5

William R Fallon Elementary School
PublicK to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Cushman & Wakefield, Christopher Sower

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.