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    61 Franklin St Lynn, MA 01902

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    For Lease
    $635,000

    Commercial building suitable for restaurant, cafe, or retail use.

    Lot size:
    0.06 Acres

    Property Features for 61 Franklin St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1928

    Source: Re-yes Real Estate Agent Pablo E. Aguirre

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

    Overview

    Commercial Building in Downtown Lynn

    This commercial building is currently set up as a restaurant, equipped with a kitchen, stove, cooler, exhaust hood, and sinks. It is suitable for use as a restaurant, cafe shop, or butchery. The building has undergone renovations, including exterior granite stone work, windows, a rubber roof, a new HVAC system, a new fence, a new tankless hot water system, updated electrical and plumbing, a new bathroom, and new floors. It is located in downtown Lynn, on a busy street, and is situated minutes away from city hall, schools, and Lynn Commons.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sazón y Antojó Dominican Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Bruce Silverlieb the Party

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9549733
    Latitude
    42.4659568

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    FAQs

    What type of property is this?
    Restaurant - Commercial building suitable for restaurant, cafe, or retail use.
    Where is this restaurant located?
    The property is located at 61 Franklin St Lynn, MA.
    What are key features of this property?
    This property features: - Ready-to-use commercial building suitable for various businesses.; - Existing restaurant setup with **kitchen equipment included**.; - **Extensive renovations** including exterior granite stone, windows, rubber roof, new HVAC, new fence, new tankless hot water system, updated electrical and plumbing, new bathroom, and new floors.
    (781) 215-1463
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    61 Franklin 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
    61 Franklin St Lynn, MA 01902
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