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    195 Chestnut St Lynn, MA 01902

    For Sale
    $875,000

    High-traffic corner location with multiple uses and income potential.

    Lot size:
    0.09 Acres

    Property Features for 195 Chestnut St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1940

    Source: Coldwell Banker Realty - Marblehead Agent Albert Lane

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

    Overview

    Commercial Building in Downtown Lynn

    This commercial building is situated on a high-traffic corner location in downtown Lynn, presenting various opportunities. The property is currently configured to accommodate multiple uses. One side of the building features a two-bay garage equipped with lifts, operating as an established auto repair shop with a lease in place. The other side includes an office and restroom, providing access to a large, fenced parking lot with 17 spaces and a large gate for maneuvering vehicles; this section is currently used as a used car dealership. The auto repair shop is located on the Essex Street side, while the dealership and parking area are on the Chestnut Street side of the building. The premises could be repurposed for other commercial uses such as a base property for a contractor, light manufacturing, office, or retail establishment.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    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

    Autoglass Anytime of Lynn, Reynolds Auto Repair, Luxury Auto Services, S & H Auto Repairs, Melo's Tire And Auto Service

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.938418
    Latitude
    42.471224

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    FAQs

    What type of property is this?
    Auto shop - High-traffic corner location with multiple uses and income potential.
    Where is this auto shop located?
    The property is located at 195 Chestnut 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 offers multiple commercial uses.; - Established auto repair shop with a lease in place provides immediate income.; - Large, fenced parking lot with **17 spaces** and a large gate suitable for vehicle maneuvering.
    (781) 526-7653
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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
    195 Chestnut St Lynn, MA 01902
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