Two-Office Downtown Office
20 Central Ave #205, Lynn, MA 01904
For Sale
Contact for pricing
Second-floor workspace in a secure, professionally managed building near commuter rail service and public parking.
Property Size332 SF
Price / SF$2.41
Days on Market21
Property Features for 20 Central Ave #205
General Information
Standard status
Size
Space & Availability
Floor
Condition
Additional Details
Public Transit
Property Use
Amenities
secure building
kitchenette
Building Details
Year Built
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
Jacob VanMeter
(781) 854-1037
Source:
Lockandkeyre
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 7:01AM
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 The Drumlin Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 205 is a 332-square-foot office suite on the second floor of a professionally managed, secure building in downtown Lynn. Its layout accommodates two private offices or a reception area paired with a private office. The building dates to 1913.
The floor includes ADA-compliant space, multiple bathrooms and a kitchenette. Commuter rail service and public parking are nearby.
The floor includes ADA-compliant space, multiple bathrooms and a kitchenette. Commuter rail service and public parking are nearby.
Key Highlights
- 332 square feet on the second floor
- Configured for two offices or reception space with a private office
- ADA‑compliant floor with multiple bathrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,424
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,480
$128.5K
Cap Rate 7%
$91,771
$91.8K
Cap Rate 9%
$71,378
$71.4K
Market Conditions
NOI Build-Up for 332 SF
Gross rent
$10.0K $30.00/SF
− Vacancy
−$1.4K −$4.20/SF
EGI
$8.6K $25.80/SF
− OpEx
−$2.1K −$6.45/SF
NOI
$6.4K $19.35/SF
Area
Lynn, MA
Vacancy
14.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,480
Cap Rate 7%
$91,771
Cap Rate 9%
$71,378
Alternative Uses
Best Use
Office B
$91.8K
$80.3K – $107.1K
NOI $6,424 @ 7.0% cap · market cap 803.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$117.5K
$102.8K – $137.1K
NOI $8,223 @ 7.0% cap · market cap 1,027.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Essex County, MA
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace in a secure, professionally managed building near commuter rail service and public parking.
Where is this office unit located?
The property is located at 20 Central Ave #205 Lynn, MA.
What are key features of this property?
This property features: 332 square feet on the second floor; Configured for two offices or reception space with a private office; ADA‑compliant floor with multiple bathrooms and a kitchenette
