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Financial
Distress signals
Property profile

4 Wheeler St Lynn, MA 01901

FOR SALE
Turn key restaurants
Property ID
US38-0384428
1,457 SF 0.12 ac lot Built 1976
Last sale Sep 2021 · $360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
4 Wheeler St, Lynn, MA 01901 For Sale 1 / 22
$375,000 1,457 SF
4 Wheeler St, Lynn, MA 01901
View Listing

Property summary

AI-generated overview

A for-lease corner commercial space configured for restaurant use, located in a busy neighborhood strip mall in a high-traffic area adjacent to Lynn Charter School and the YMCA. The unit is laid out with a functional dining and service area that currently supports seating for approximately 18 guests, with potential for additional seating, and includes two customer/staff restrooms and a walk-in freezer. The space is equipped with central air conditioning and gas heat, and includes a roof that…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$344k
Assessed land$219k
Assessed improvement$124k
Effective rate2.02%

Value estimate

· Oct 2026
$375k
$338k – $413k
AI approach$425k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 789.23% cap applied$31k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$345/SF
County average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$175 – $532
Qualifying comparables3

Cap rate analysis

How does the asset earn?
789.23%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
The intent of this zone is to promote light industrial uses.
General categoryINDUSTRIAL
JurisdictionLYNN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.2
Tech Support Center11.9
Gym & Fitness11.8

Location

4 Wheeler St Lynn, MA 01901
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Un, Lynn, MA 01902-3604 $375,000 Oct 2023 1,397 SF
76 Lewis, Lynn, MA 01902-4842 $140,000 Jul 2023 1,515 SF
466 Eastern, Lynn, MA 01902-1632 $150,500 May 2022 1,020 SF
56-58 Ocean, Lynn, MA 01902 $820,000 May 2022 1,538 SF
211 Lewis, Lynn, MA 01902-4801 $92,500 Sep 2020 1,407 SF
298-302 Chatham, Lynn, MA 01902 $40,000 Oct 2019 1,343 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $370,000
    1,504 SF
    37 Essex St
    RETAIL STORES (PERSONAL SERVICES)
    37 Essex St, Lynn, MA 01902-1752
    View Details
  • Value Estimation
    $100,000
    1,407 SF
    211 Lewis St, Unit 217
    RETAIL STORES (PERSONAL SERVICES)
    211 Lewis St, Lynn, MA 01902-4801
    View Details
  • Value Estimation
    $350,000
    1,552 SF
    188 Essex St
    RESTAURANT
    188 Essex St, Lynn, MA 01902-1745
    View Details
  • Value Estimation
    $250,000
    1,343 SF
    298-302 Chatham St
    SHOW ROOM, WAREHOUSE
    298-302 Chatham St, Lynn, MA 01902
    View Details
  • Value Estimation
    $265,000
    1,000 SF
    468 Chestnut St
    RESTAURANT
    468 Chestnut St, Lynn, MA 01902-2747
    View Details
  • Value Estimation
    $215,000
    908 SF
    304 Essex St
    RETAIL STORES (PERSONAL SERVICES)
    304 Essex St, Lynn, MA 01902-2353
    View Details

Similar Nearby for Sale

  • New
    $749,900
    2,268 SF
    Mixed-Use Property with Storefront
    A convenience store occupies the ground floor, with a three-bedroom apartment on the level above.
    43 Broad Street, Lynn, MA 01902
    View Details
  • New
    $1,160,000
    3,442 SF
    Renovated Four-Unit Mixed-Use Building
    Fully renovated four-unit property with two street-level commercial spaces and two apartments, plus dedicated storage and private decks.
    431-433 Chatham, Lynn, MA 01902
    View Details
  • New
    $329,900
    Retail Storefront with Residential Approval
    Retail space at 20 Melvin Avenue with Lynn zoning board approval and available architectural plans for a new single-family home.
    20 Melvin Ave, Lynn, MA 01902
    View Details

Similar Nearby for Lease

  • New
    $2,800/Mo
    742 sqft
    Conventional Restaurant with Commercial Kitchen
    Freestanding, single-story space with restaurant infrastructure, updated building systems, B2 zoning, and an NNN lease structure.
    61 Franklin St, Lynn, MA 01902
    View Details
  • New
    $2,800/Mo
    742 sqft
    Freestanding Restaurant With Commercial Kitchen
    Single-story space includes restaurant infrastructure, storefront glazing, on-site parking, and B2 zoning under an NNN lease.
    61 Franklin Street, Lynn, MA 01902
    View Details
  • New
    Contact for pricing
    5,000 sqft
    Retail Space in Lynn, MA
    Retail space available in Lynn, MA with on-site parking.
    15-17 Joyce Street, Lynn, MA 01902
    View Details
  • New
    Contact for pricing
    8,000 sqft
    Retail Property in Lynn, MA
    8,000 sqft retail space available for lease.
    15 Joyce Street, Lynn, MA 01902
    View Details
  • New
    $2,995/Mo
    Corner Retail Space with Dedicated Parking
    Bright corner storefront offers large windows, 11-foot ceilings, and dedicated parking for an active retail setting.
    1l-184 Lewis St, Lynn, MA 01902
    View Details
  • New
    $2,995/Mo
    Corner Retail Space in Lynn
    Bright corner retail space with parking at busy intersection.
    184 Lewis Street #1L, Lynn, MA 01902
    View Details
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