723-727 Summer St, Lynn MA 01905
Lynn, MA 01905
$1,495,000
Est. $9,372/month
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About this home
Value-add investment opportunity. ±19,473 SF mixed-use commercial property located on a corner parcel in Lynn, MA. The property includes a mix of automotive service bays, retail frontage, fitness/training space, warehouse/flex areas, and one residential unit. The current layout supports multiple tenants and uses, with potential to improve income through re-leasing, space reconfiguration, or operational efficiencies. Situated within Light Industrial (LI) zoning, the property allows for a range of commercial and industrial uses, making it suitable for both investors, owner-users, or possible redevelopment. Three overhead doors, fenced-in parking, and six separate meters. The asset offers in-place income with upside tied to lease-up, repositioning, or operational optimization. All information was obtained from the owner and public records; prospective buyers should perform their own due diligence. Offering Memorandum under development.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
May 1, 2026
$1,495,000
Original listing
Agent: Faulkner Commercial Group
Office: Keller Williams Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/01/2026 | 🏠 Listed for Sale | $1,495,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $19,352 | — |
Financial Details
Annual Property Tax
$19,352
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1873
Living Area
19,473 sq ft
Lot Size
0.25 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Asphalt/composition Shingles, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, 110 Volts
Financial
Annual Tax
$19,352
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1873
Living Area
19,473 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1873
Structure Type:
Exterior Materials:
Roof:
Asphalt/Composition Shingles, Rubber
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
3 schools
C
A. Drewicz Elementary School
0.4 mi
|
#600 of 824
|
Score: 40.9
Improved 84 spots from last year
-17.3 below state avg
488 students
Moderate
Rising School
Grades K-05
Sacred Heart Elementary School
0.4 mi
Grades PK-08
C-
Lincoln-Thomson School
0.6 mi
|
#716 of 824
|
Score: 34.3
Dropped 1 spots from last year
-23.9 below state avg
219 students
Diverse
Grades K-05
Middle Schools
2 schools
C+
Pickering Middle School
2.1 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
C+
Saugus Middle School
2.4 mi
|
#248 of 352
|
Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
C-
Classical High School
0.6 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
City Arts & Sciences Academy at Fecteau-Leary
1.2 mi
Grades 06-12
B-
Harold Durgin Success Academy
1.2 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students
Diverse
Rising School
Career Tech Programs
Grades 09-12
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Loan Amount
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,613
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
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Rate Impact
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
723-727 Summer St, Lynn MA 01905
Lynn, MA 01905
Listing Information
Listing Agent
Faulkner Commercial Group
Listing Office
Keller Williams Realty
Office Phone
978-475-2111
Agent MLS ID
TM200171
Office MLS ID
G95022
Listing Data Updated
May 5, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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