Spacious 10,000 square property, formerly a nursing home, offers a range of possibilities for a variety of redevelopment opportunities. Situated in a desirable area with R2 zoning, the property provides flexibility for residential, multi-family, or other mixed-use developments. Key features & recent improvements: 12 individual bedrooms, common areas, and multiple bathrooms, full sprinkler system, natural gas generator, redone in 2024, ensuring reliable backup power for the majority of the facility, elevator service & upgrade 2024, 2 yr old rubber roof on the addition & more. Zoning allows for a variety of uses, including residential, multi-family, and certain commercial endeavors. Ideal for redevelopment, assisted living facilities, medical offices, non profits or community-oriented businesses. Whether you are looking to repurpose the building for healthcare, housing, or other uses - there is tremendous potential.
MLS# | 73325061 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 33 |
Listing Provided By | EXIT Premier Real Estate | Team Sonia Rollins & Associates |
Bed(s) | 12 |
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SQ Feet | 10,000 |
Story(s) | 3 |
Units | 3 |
Zoning | R2 |
Acreage | 0.20 |
State | MA |
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County | Essex |
City | Lynn |
Zip Code | 01905 |
Area | Essex |
Listing VS Median (in 01905) | |
Price: $1,600,000 low | high Med: $409,950 SqFt: 10,000 low | high Med: 1,004 $ / SqFt: $160 low | high Med: $410 On Site: 33 low | high Med: 88.500000 |