Turnkey Commercial Property in
For Sale
$800,000
52-56 Central Sq Lynn, Lynn, MA 01901
Two-unit commercial property with immediate income and long-term potential.
Property Size3,000 SF
Price / SF$266.67
Days on Market105
Property Features for 52-56 Central Sq Lynn
General Information
Standard status
Active
Size
3,000 SF
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$7,567
Building Details
Year Built
1890
Listing Agency:
Real Broker MA, LLC
(508) 501-1443
Listed By:
Brian DaSilva
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 16
Changed: Aug 25
Last Checked: Aug 28 at 7:35AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This commercial property, located in downtown Lynn, offers immediate income and long-term potential. The property includes two separate spaces: a retail space currently rented month-to-month for $2,300 per month, and a fully equipped restaurant leased at $4,000 per month with a 2-year lease in place. The restaurant includes a full bar and seating for 50 guests, making it suitable for various dining concepts. A separate storage area provides additional utility. The total area of the property is over 3,000 square feet. Situated minutes from the commuter rail, apartment buildings, and Lynn’s downtown, the property benefits from strong pedestrian and vehicle traffic, ensuring excellent visibility. The property is located in one of Greater Boston’s fastest-growing coastal communities, adding appeal for both residents and visitors. The landlord pays a $1700 per month condo fee. The property is suitable for retail or restaurant use.
Key Highlights
- Turnkey commercial property with immediate income from two leased spaces.
- Restaurant space leased at $4,000/month with a 2‑year lease in place.
- Prime downtown Lynn location with high pedestrian and vehicle traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,231,200
$1.2M
Cap Rate 7%
$879,429
$879.4K
Cap Rate 9%
$684,000
$684.0K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $28.80/SF
− Vacancy
−$4.3K −$1.44/SF
EGI
$82.1K $27.36/SF
− OpEx
−$20.5K −$6.84/SF
NOI
$61.6K $20.52/SF
Area
Lynn, MA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,231,200
Cap Rate 7%
$879,429
Cap Rate 9%
$684,000
Alternative Uses
Best Use
Specialty Retail
$879.4K
$769.5K – $1.03M
NOI $61,560 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$765.5K
$669.8K – $893.0K
NOI $53,582 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.06M
$928.8K – $1.24M
NOI $74,304 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,603
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 27%
Apparel 5%
Electronics 4%
Bank of America
Shops & Services
13,800 visits/mo
0.3 miles
Speedway
Shops & Services
11,343 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,903 visits/mo
0.3 miles
Family Dollar
Shops & Services
9,415 visits/mo
0.2 miles
Pollo Campero
Dining
6,937 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-unit commercial property with immediate income and long-term potential.
Where is this retail space located?
The property is located at 52-56 Central Sq Lynn Lynn, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Turnkey commercial property with immediate income from two leased spaces.; Restaurant space leased at $4,000/month with a 2‑year lease in place.; Prime downtown Lynn location with high pedestrian and vehicle traffic.
