Jason Weissman, a principal with Boston Realty Advisors, tells GlobeSt.com that the properties, which total 96,000 sf, have already drawn the interest of a number of investors interested in converting the two buildings into apartments, condominiums or mixed-use facilities. "Every possible use has been suggested by investors and developers," he says.
The properties are set on nearly two acres and comprised of a vacant 77,000-sf, three-story former nursing home at 70 Granite St. in Lynn and an adjacent, single-story 19,000-sf office property at 162-164 Boston St.
"It's a great asset," says Weissman, noting that the office property, which is located next to the Lynngate Shops, can be repositioned for retail use.
Weissman says the owner opted to divest of both properties after closing the nursing facility. The open sales strategy devised for marketing the building, he notes, will allow the owner to consider all offers as they are received.
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