Rare opportunity to acquire a stabilized mixed-use income property with long-term commercial tenancy, residential income and off-street parking, conveniently located near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach. The first floor is occupied by a convenience store paying $3,000/month with a 10-year lease and 5-year option, while the second-floor 3-bedroom, 1-bath residential unit rents for $2,900/month. The property also offers 4 off-street parking spaces, a full basement and convenient access to public transportation, including MBTA bus service and the Lynn commuter rail station, as well as shopping, parks and major routes. Ideal for an investor seeking established income or a future owner-occupant. The residential unit is currently occupied by a tenant at will. The neighboring 47 Broad Street is also available separately for $1,249,900, offering three 3-bedroom, 1-bath units, all currently occupied by tenants at will at $3,200/month each, plus 6 off-street parking spaces. Property sold as-is; buyer/buyer’s agent to perform due diligence.
Multi-familyProperty Type
1823Year Built
4,713 sq ftLot Size
$331Price/Sq.Ft.
4 spacesParking
Listed by The Lopes Group• J. Barrett & Company
Listed by Melissa Dias-Lopes• J. Barrett & Company
Business District, located between Lynn Common and the Lynn Waterfront, is a commercial and civic Lynn neighborhood with a historic streetscape and a working harbor edge. The neighborhood’s character concentrates around Central Square at Central Avenue and Union Street, where storefronts, coffee counters, and service shops line the sidewalks under classic downtown facades. The Lynn Museum & Arts Center anchors local history and gallery programming in a compact, walkable core. The Lynn Auditorium adds marquee nights in a landmark performance hall. Brick commercial blocks and civic buildings frame short blocks that lead toward the Common’s green and the shoreline’s industrial piers.
Provided by Walk Score and Local Logic
Offer insights
43 Broad St · $749,900
$767K and above
75% chance or better to win
Why $767K+ is a strong offer
DAYS ON MARKET
32 days
The average home goes pending in 32 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Bathrooms
1 full bathroom
1 half bathroom
Laundry & utility
Washer hookup
Electric dryer hookup
Flooring
Tile
Laminate
Heating & cooling
2 heating units
Exterior features
Level lot
Ocean waterfront
Public beach access within 1/2 to 1 mile
Home design
Two-family, two units up and down
Two stories
Parking
Off-street parking
4 parking spaces
Construction
Frame construction
Stone foundation
Shingle roof
Renovated since original construction
Utilities
Public water
Public sewer
Circuit breakers
Gas range hookup
Electric dryer hookup
Washer hookup
HOA & community
Near public transportation, shopping, and a park
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity building. Completely renovated 2nd floor unit with 2 beds and 1 bath. This unit has a finished pull-down attic room for extra space. The first floor is a Variety store (Inventories not included) is 1,200 sq ft. The building has central air, vinyl sided, new windows, 1 yr old hot water heater, 7 yrs old furnace, updated electrical, and the roof were recently redone in 2019.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 11, 2023.
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
6/10 Heat Factor
7 hot days expected this year, 15 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Lynn, MA • 01902
Average low and high temperatures (°F)
34
21
36
22
49
33
57
41
67
51
78
62
82
67
78
62
72
58
62
48
53
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Lynn. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.2 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 43 Broad St
$756,163
$6,263 over list price of $750K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $630K to $955K.