Jeffrey Carroll Acquires Development Site In Lynn, MA For $500,000

Teamsters Local42 sold a development site located at 96 Ford Street in Lynn, MA. The property was purchased by Jeffrey Carroll for a total sale price of $500,000. The development site spans 2,701 square feet, resulting in a price per square foot of $179. The total building square footage is 7,500, which equates to a price per building square foot of $67. The transaction took place on March 1, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $500,000
• Address: 96 Ford Street, Lynn, MA
• Seller: Teamsters Local42
• Buyer: Jeffrey Carroll
• Broker: David Maker - Maker Capital

This sale marks the last industrial plot on Boston Street Business District that is zoned for cannabis use. The property presents a significant opportunity for Jeffrey Carroll, who will develop the site for this purpose.