Automotive Sales and Service
For Sale
Contact for pricing
295 Lynnway, Lynn, MA 01901
Turnkey auto sales and service facility with showroom, office, and vehicle capacity on a sizable lot.
Property Size1,982 SF
Lot Size0.51 Acres
Price / SF$4.41
Days on Market96
Property Features for 295 Lynnway
General Information
Standard status
Active
Size
1,982 SF
Total Parking Spaces
85
Lot size
0.51 Acres
Property subtype
Commercial
Lease Term
Existing Lease Type: NNN
Additional Details
Business Included
Yes
Building Details
Building Size
1,982 SF
Year Built
1982
Listing Agency:
Sell With Sarkis
Listed By:
Sarkis James Kavlakian
(781) 588-5755
Source:
Iverty
Added: Jul 16
Changed: Oct 16
Last Checked: Oct 16 at 9:24AM
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 Sell With Sarkis
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Investment Insights
Based on property information with market context.
This fully positioned automotive sales and service facility includes approximately 5,665± square feet of showroom, office, and service space, with an outdoor site designed to accommodate 85+ vehicles. The property’s existing setup supports an active automotive operation, with licensing capabilities reported for Auto Sales, Boat Sales, Off-Road Vehicle Sales, Auto Repair, and Auto Body.
The offering is located at 295 Lynnway with frontage at 461 Broad Street, Lynn, MA, described as being on a highly trafficked commercial corridor with visibility and frontage.
With its combination of indoor customer-facing space and dedicated outdoor capacity, the property is suited to a range of automotive-related uses consistent with the stated licensing capabilities, including auto sales, repair, and body work, as well as related sales categories such as boats and off-road vehicles.
The offering is located at 295 Lynnway with frontage at 461 Broad Street, Lynn, MA, described as being on a highly trafficked commercial corridor with visibility and frontage.
With its combination of indoor customer-facing space and dedicated outdoor capacity, the property is suited to a range of automotive-related uses consistent with the stated licensing capabilities, including auto sales, repair, and body work, as well as related sales categories such as boats and off-road vehicles.
Key Highlights
- Automotive sales and service facility on Lynnway at 295 Lynnway with additional frontage at 461 Broad St (Front) in Lynn, MA
- Approx. 5,665± SF showroom, office, and service space for an existing auto sales operation
- 22,216± SF land with capacity for 85+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,000
$1.2M
Cap Rate 7%
$830,714
$830.7K
Cap Rate 9%
$646,111
$646.1K
Market Conditions
NOI Build-Up for 5,665 SF
Gross rent
$88.4K $15.60/SF
− Vacancy
−$5.3K −$0.94/SF
EGI
$83.1K $14.66/SF
− OpEx
−$24.9K −$4.40/SF
NOI
$58.2K $10.26/SF
Area
Lynn, MA
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,000
Cap Rate 7%
$830,714
Cap Rate 9%
$646,111
Alternative Uses
Best Use
Retail
$1.45M
$1.26M – $1.69M
NOI $101,180 @ 7.0% cap · market cap 404.72%
Second Best
Industrial
$830.7K
$726.9K – $969.2K
NOI $58,150 @ 7.0% cap · market cap 232.60%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,311 @ 7.0% cap · market cap 561.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,294
Businesses Nearby
127k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 30%
Groceries 15%
Electronics 7%
Price Rite
Groceries
19,089 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,946 visits/mo
0.2 miles
Bank of America
Shops & Services
13,800 visits/mo
0.3 miles
Wendy's
Dining
13,725 visits/mo
0.2 miles
Speedway
Shops & Services
11,343 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Midas — 555 Lynnway, Lynn, MA 01905
- New Angle Glass Co — 617 Lynnway, Lynn, MA 01905
- Kelly Honda Service Center — 540 Lynnway, Lynn, MA 01905
- REM Auto Body & Truck Repair Inc — 26 Bennett St, Lynn, MA 01905
- Car Works Plus — 68 Bennett St, Lynn, MA 01905
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto sales and service facility with showroom, office, and vehicle capacity on a sizable lot.
Where is this auto shop located?
The property is located at 295 Lynnway Lynn, MA.
What are key features of this property?
This property features: Automotive sales and service facility on Lynnway at 295 Lynnway with additional frontage at 461 Broad St (Front) in Lynn, MA; Approx. 5,665± SF showroom, office, and service space for an existing auto sales operation; 22,216± SF land with capacity for 85+ vehicles
