Mixed-Use Property with
New
For Sale
$749,900
43 Broad St, Lynn, MA 01902
An upper-level residence sits above an operating convenience store, creating a two-use configuration.
Property Size2,268 SF
Days on Market5
Property Features for 43 Broad St
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
4
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Additional Details
Average Monthly Rent
$2,900
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,365
Building Details
Building Size
2,268 SF
Year Built
1823
Listing Agency:
J. Barrett & Company
Listed By:
The Lopes Group
(508) 488-9892
Source:
Donnellyandco
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 11:22AM
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 J. Barrett & Company
Investment Insights
Based on property information with market context.
At 43 Broad St in Lynn, this mixed-use property combines a ground-floor convenience store with a second-floor, three-bedroom, one-bath residence. The residential unit is tenant-occupied, and the commercial space has a 10-year lease with a five-year option. A full basement provides additional building space. Constructed in 1823, the property also includes four off-street parking spaces.
The site is near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach. MBTA bus service and the Lynn commuter rail station are accessible from the property, along with nearby shopping, parks and major routes.
The site is near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach. MBTA bus service and the Lynn commuter rail station are accessible from the property, along with nearby shopping, parks and major routes.
Key Highlights
- Ground‑floor convenience store with a 10‑year lease and 5‑year option
- Second‑floor residence with 3 bedrooms and 1 bath
- Four off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,539
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,780
$930.8K
Cap Rate 7%
$664,843
$664.8K
Cap Rate 9%
$517,100
$517.1K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$65.3K $28.80/SF
− Vacancy
−$3.3K −$1.44/SF
EGI
$62.1K $27.36/SF
− OpEx
−$15.5K −$6.84/SF
NOI
$46.5K $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 Rate 5%
$930,780
Cap Rate 7%
$664,843
Cap Rate 9%
$517,100
Alternative Uses
Best Use
Specialty Retail
$664.8K
$581.7K – $775.7K
NOI $46,539 @ 7.0% cap · market cap 6.21%
Second Best
Mixed Use
$614.8K
$537.9K – $717.3K
NOI $43,035 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$802.5K
$702.2K – $936.2K
NOI $56,174 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 27%
Electronics 7%
Home Improvements & Furnishings 2%
Dollar Tree
Shops & Services
10,903 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,840 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,415 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,385 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,043 visits/mo
0.5 miles
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - An upper-level residence sits above an operating convenience store, creating a two-use configuration.
Where is this mixed-use property located?
The property is located at 43 Broad St Lynn, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Ground‑floor convenience store with a 10‑year lease and 5‑year option; Second‑floor residence with 3 bedrooms and 1 bath; Four off‑street parking spaces
