11 Spg St Lynn, MA 01901-1409
Property Lookup
Property profile & analytics
11 Spg St Lynn, MA 01901-1409
- Commercial real estate
- 0.22 lot acres
Property ID
US38-1629026
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Radio Getsemani De Lynn / Radio Station / Telecommunications Service
Property Details for 11 Spg St
- Lot size
- 0.22 lot acres
- Zone code
- CBD
- Property type
- Commercial real estate
- APN
- LYNN M:082 B:595 L:010
- APU
- LYNNM082B595L010
Description
This exceptional value-add investment opportunity presents a 9,646 square foot mixed-use building situated on a 0.22-acre lot in Lynn, Massachusetts' central business district (CBD). Currently configured as a legal 25-unit office building, the property boasts a prime location at two addresses: 11 Spring Street and 31 Exchange Street, both in the 01901 zip code within Essex County. The brick building features an elevator and currently generates approximately $20,000 per month in rental income from 60% occupancy. However, significant updates are needed to realize the property's full potential. The asking price is $3,100,000, and attractive seller financing is available at 7% interest with a 15% down payment. The property's diverse permitted uses, including bank, pharmacy/drug store, and storefront retail, offer considerable redevelopment potential for a savvy investor seeking to capitalize on the strong location and existing income stream. This presents a unique chance to acquire a substantial property in a vibrant urban setting with the potential for significant returns through renovation and repositioning. The property is currently for sale by owner.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,100,000
- ML approach
- $3,100,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9432
- Latitude
- 42.4632
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20,520
$291,200
$1,012,900
$1,304,100
-
$0.00
$0.00
$0.00
