Commercial Sale at 20 Melvin Ave, Lynn MA 01902
1 photo

$329,900

20 Melvin Ave, Lynn MA 01902
Lynn, MA 01902
Listed by Colleen Toner
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1890

About this home

Swampscott/Lynn Line! Located At 20 Melvin Avenue, This Commercial Property Offers Excellent Potential For Investors, Developers, Or Owner-Occupants. Currently Used As A Retail Space, It Is Well Suited For A Variety Of Uses Including Retail Storefront, Professional Office, Salon, Barber Shop, Or Other Service-Based Business.The Property Benefits From Strong Visibility, Convenient Access, And A Desirable Location Near The Swampscott Line With Easy Access To Surrounding Residential Neighborhoods. In Addition, The Property Has Received Approval From The Lynn Zoning Board Of Appeals For Residential Development, With Approved Architectural Plans Available For A New Single-Family Home. Conveniently Located Near Shopping, Restaurants, Public Transportation, Beaches, And Major Commuter Routes, This Property Offers Strong Flexibility And Long-Term Value. Whether Continuing Its Current Use, Starting A New Business, Or Pursuing Residential Development!

Property details

MLS
MLS Property Information Network
MLS #
73540200
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
124
On market date
June 23, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.04 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Aborn
0.18 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
238
Student:teacher ratio
14.0:1
District
Lynn
Middle
Thurgood Marshall Mid
0.46 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,275
Student:teacher ratio
13.6:1
District
Lynn
High
Swampscott High
0.6 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
653
Student:teacher ratio
10.9:1
District
Swampscott

Walkability

Blended score for Lynn's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores16
Parks17
Schools20
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Lynn, from live MLS data.

On the market 124 days -- 35 more days than Lynn's current average of 89 days.
For reference, the median list price across 731 active listings in Lynn right now is $4,800.

Mortgage calculator

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Est. monthly payment
$2,137/mo
$65,980 down
$263,920 loan
Principal & interest$1,712
Property tax (est.)$275
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 8, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.