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    101 Commercial St Lynn, MA 01905

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    For Sale
    $770,000

    Free-standing, multi-unit building with high visibility and income potential.

    Lot size:
    0.08 Acres

    Property Features for 101 Commercial St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1870

    Source: eXp Realty Agent Eduardo Toranzo

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

    Overview

    Multi-Unit Building on Corner Lot

    This free-standing, multi-unit corner lot building offers high visibility. Currently, the building houses a convenience/grocery store and an appliance repair shop, suggesting potential for similar or alternative retail uses. A studio-style apartment is located in the back of the building and is currently rented without a lease. The property is situated on the Lynnway, which sees a high volume of traffic. The location experiences significant daily vehicle traffic. There is an opportunity to build a second story to add additional income potential; however, the buyer must perform their own due diligence with the city to confirm feasibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    My Son's Store Appliance Repair Service

    Suggested Use

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

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

    Similar Places Nearby

    Cibao Market, Golden Lake Market, D & M Variety, Stop and Compare Market at Lynn Marketplace, Price Rite Marketplace of Lynn

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9600554
    Latitude
    42.4588417

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    FAQs

    What type of property is this?
    Grocery and convenience store - Free-standing, multi-unit building with high visibility and income potential.
    Where is this grocery and convenience store located?
    The property is located at 101 Commercial St Lynn, MA.
    What is the asking price?
    The asking price for this property is $770,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on a main thoroughfare (15,000-30,000 vehicles daily).; - Free-standing, multi-unit building.; - Currently generating income from a convenience/grocery store, appliance repair shop, and studio apartment.
    (781) 469-2580
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    101 Commercial St Lynn, MA 01905
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    Lynn, MA 01905
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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
    101 Commercial St Lynn, MA 01905
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