There are multiple listings for this address:

423-427 Union St

Lynn, MA, 01901

$495,000

Beds

0 Baths

0 SqFt

0.02 Acres

Great opportunity to own and invest in Downtown Lynn. Commercial property located on Union Street, between Washington and Central Sq, one block from the Lynn Station commuter rail stop. Currently there are two retail units on the first floor (braid shop and a barber shop), and office spaces in need of repairs on the second level. The property is in the “Central Business District” zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in the photos are initial architectural mock-ups of a 5-story building, consisting of two commercial units on the first floor (or one larger unit), and five residential units consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.

Property Details

Price:

$495,000

MLS #:

73395298

Status:

Active

Beds:

Baths:

Address:

423-427 Union St

Type:

Commercial

Subtype:

3 Family

City:

Lynn

Listed Date:

Jun 23, 2025

State:

Total Sq Ft:

1,462

ZIP:

01901

Lot Size:

832 sqft / 0.02 acres (approx)

Year Built:

1913

Schools

Interior

Exterior

Roof

Rubber

Financial

Tax Year

2025

Taxes

$3,021

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Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

pegasusrealtyma@gmail.com

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of McNamara Realty, LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Rover IDX

423-427 Union St

Lynn, MA

423-427 Union St

Lynn, MA, 01901

$495,000

Beds

2 Baths

1,462 SqFt

0.02 Acres