REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,300,000
Est. payment | /mo
6,044 SqFt
$ 1,300,000
Est. payment | /mo
6,044 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,044 sqft
Price per Sqft $215
MLS Listing ID 73550879
HOA Y/N false
Year Built 1893
Annual Tax Amount $11,844
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Description
62 Nahant St. located in Lynn's Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.
Location
State MA
County Essex
Area Diamond District
Zoning R2
Direction Exchange St => Broad St. => Nahant St.
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
Listed by The Drumlin Group Inc.