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    287 Essex St Lynn, MA 01902

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    For Sale
    $875,000

    Commercial building in high-traffic downtown location with multiple uses.

    Property size:
    1,248 SF
    Lot size:
    0.09 Acres

    Property Features for 287 Essex St

    General Information

    Size
    1,248 SF
    Lot size
    0.09 Acres

    Source: Coldwell Banker Realty | Marblehead Agent Paula D'Angelo-Pickett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lynn Commercial Building

    This commercial building is located on a high-traffic corner in downtown Lynn and offers multiple potential uses. The property currently houses a two-bay garage with lifts, operating as an established auto repair shop with a lease in place. The other side of the building features an office and restroom, providing access to a large, fenced parking lot with 17 spaces and a large gate for maneuvering vehicles; this section currently operates as a used car dealership. The auto repair shop is situated on the Essex Street side, while the dealership and parking are on the Chestnut Street side of the building. The premises, totaling 1248 square feet, could be repurposed for other commercial uses, such as a contractor's base property, light manufacturing, or an office or retail establishment.
    Location Intelligence

    Current Use by Public Records

    Essex Auto Repair Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Goodyear Auto Service, Caruso's Auto Repairs, Suffolk St. Auto Repair, Diamond Automotive, Boston Auto painting

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9378359
    Latitude
    42.4706233

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    FAQs

    What type of property is this?
    Auto shop - Commercial building in high-traffic downtown location with multiple uses.
    Where is this auto shop located?
    The property is located at 287 Essex St Lynn, MA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - High-traffic corner location in downtown Lynn; - Two-bay garage with lifts, currently operating as an established auto repair shop with a lease in place; - Large, fenced parking lot with 17 spaces and a large gate
    (781) 913-6663
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    287 Essex St Lynn, MA 01902
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    Lynn, MA 01902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    287 Essex St Lynn, MA 01902
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