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Turnkey Commercial Property in Lynn

52-56 Central Sq, Lynn, MA 01901

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For Sale

$800,000

Turnkey commercial property with immediate income and long-term potential.

Type:Commercial

Property size:

3,000 SF

Price / SF:

$266/SF

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.
Retail space currently rented month‑to‑month for $2,300/m, offering flexibility.
Located in downtown Lynn, a rapidly growing coastal community near Boston.
High visibility location with strong pedestrian and vehicle traffic.
Fully equipped restaurant with full bar and seating for 50 guests.

We can help!

Listing Contact

Dmitriy Dribinskiy

Learn more

For Sale

$800,000

Turnkey commercial property with immediate income and long-term potential.

Type:Commercial

Property size:

3,000 SF

Price / SF:

$266/SF

Added:: Apr 25, 2026
Days on Market:: 49
Last Refresh:: Apr 25 at 6:25 am

Property Features for 52-56 Central Sq

General Information

Standard status: Active
Size: 3,000 SF
Property subtype: Commercial

Building Details

Year Built: 1890

We can help!

Listing Contact

Dmitriy Dribinskiy

Listing agent Dmitriy Dribinskiy

Listing office Real Broker MA, LLC

Listing date Apr 25, 2026

Source Liongatere

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

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.
Retail space currently rented month‑to‑month for $2,300/m, offering flexibility.
Located in downtown Lynn, a rapidly growing coastal community near Boston.
High visibility location with strong pedestrian and vehicle traffic.
Fully equipped restaurant with full bar and seating for 50 guests.

Overview

This turnkey 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. Situated minutes from the commuter rail, apartment buildings, and Lynn's downtown, the property benefits from strong pedestrian and vehicle traffic, ensuring excellent visibility. Located in one of Greater Boston's fastest-growing coastal communities, the property appeals to both residents and visitors. The landlord pays a $1700 per month condo fee. The property is approximately 3,000 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.4k	$28.80
− Vacancy	−$4.3k	−$1.44
EGI	$82.1k	$27.36
− OpEx	−$20.5k	−$6.84
NOI	$61.6k	$20.52

3,000 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$879.4K

$769.5K – $1.03M (±1% cap)

NOI $61,560 @ 7.0% cap · market cap 7.70%

Second Best

Retail

$765.5K

$669.8K – $893.0K (±1% cap)

NOI $53,582 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$1.06M

$928.8K – $1.24M (±1% cap)

NOI $74,304 @ 7.0% cap · market cap 9.29%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Stop & Shop Florist — Lynn, MA 01904

Location Insight

Map
Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9451227
Latitude: 42.4638457

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For sale
Storefront properties
MA
Lynn
01901
52-56 Central Sq

What type of property is this?

Storefront property - Turnkey commercial property with immediate income and long-term potential.

Where is this storefront property located?

The property is located at 52-56 Central Sq 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.; Retail space currently rented month‑to‑month for $2,300/m, offering flexibility.