(Spenser R. Hasak)
Business, News

Lynn junkyard shut down last year for illegal dumping now under purchase agreement

LYNN — A Western Avenue junkyard shut down by the city last year on charges of illegally dumping potentially hazardous materials on the site could soon have a new owner seeking to clean up and redevelop the property.

Raymond S. Falite has a purchase and sale agreement in place for Caps Auto Wrecking Corporation on 1069 Western Ave. But whether he closes on the sale depends on the results of an environmental analysis of the site, according to his attorney James Smith, who declined to disclose the potential purchase price. 

Smith said his client doesn't know how he would redevelop the site, which is located near the Saugus River, but housing is unlikely. 

"If he does close on the property,…

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