Property profile

116 Central Ave 124A Lynn, MA 01901

OFF-MARKET
Investment properties
Property ID
US38-0470968
13,736 SF 0.09 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 13,736 SF
Lot 0.09 ac (4,109 SF)
Zoning code CBD
APN LYNN M:068 B:635 L:002
UPID US38-0470968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

116 Central Ave, Unit 124A Lynn, MA 01901-1013
Lynn metro Census 206100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.03M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2017
$2.3M
2004
Price N/A
2002
Price N/A
2000
$460,000
1993
$80,000
1989
Price N/A

Zoning & alternative use

CBD · Lynn, MA
Top alternative use upside
Retail stores $3.0M +56.4%
Office building $2.9M +47.5%
Industrial (general) $2.3M +15.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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