Renovated Office
112 Market Street #3, Lynn, MA 01901
For Sale
New
Contact for pricing
A top-floor layout combines private offices, open workspace, a conference room, kitchen, and two bathrooms.
Property Size3,900 SF
Price / SF$0.01
Days on Market7
Property Features for 112 Market Street #3
General Information
Standard status
Size
Elevators
Space & Availability
Floor
Condition
Additional Details
Utilities to Site
Property Use
Amenities
private offices
conference room
open office space
kitchen
2 bathrooms
private reception
Building Details
Year Built
Listing Agency:
Lokos Realty & Management
Listed By:
Julius Sokol
(781) 608-3057
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lokos Realty & Management
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Investment Insights
Based on property information with market context.
The renovated top floor of the Eastern Bank Building offers office space in configurations ranging from 1,200 to 3,900 square feet. The layout includes 14 private offices, open work areas, a conference room, a kitchen, and two bathrooms. Building access features an elevator, with private elevator access and a private reception area serving the space.
At 112 Market Street in downtown Lynn, the office space is located in a building constructed in 1957.
At 112 Market Street in downtown Lynn, the office space is located in a building constructed in 1957.
Key Highlights
- Renovated top‑floor office space ranging from 1,200 to 3,900 square feet
- 14 private offices, plus open work areas and a conference room
- Kitchen and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,465
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,300
$1.5M
Cap Rate 7%
$1,078,071
$1.1M
Cap Rate 9%
$838,500
$838.5K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$117.0K $30.00/SF
− Vacancy
−$16.4K −$4.20/SF
EGI
$100.6K $25.80/SF
− OpEx
−$25.2K −$6.45/SF
NOI
$75.5K $19.35/SF
Area
Lynn, MA
Vacancy
14.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,300
Cap Rate 7%
$1,078,071
Cap Rate 9%
$838,500
Alternative Uses
Best Use
Office B
$1.08M
$943.3K – $1.26M
NOI $75,465 @ 7.0% cap · market cap 301,860.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,595 @ 7.0% cap · market cap 386,380.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 01901, MA
2,794
Population
1,289
Households
2.2
Avg Household Size
44
Median Age
39%
College-Educated
90%
High-School Grad
0.3 sq mi
ZIP Area
9,313
Density / Sq Mi
$27,561
Median Household Income
$36,219
Median Earnings
$1,193
Median Rent
$343,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Essex County, MA
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A top-floor layout combines private offices, open workspace, a conference room, kitchen, and two bathrooms.
Where is this office unit located?
The property is located at 112 Market Street #3 Lynn, MA.
What are key features of this property?
This property features: Renovated top‑floor office space ranging from 1,200 to 3,900 square feet; 14 private offices, plus open work areas and a conference room; Kitchen and 2 bathrooms
