195 Chestnut St Lynn, MA 01902
Property profile & analytics
195 Chestnut St Lynn, MA 01902
- Auto shops
- 1,248 SF
- 0.09 lot acres
Property ID
US38-1442825
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
- Auto shops
Property Details for 195 Chestnut St
- Year built
- 1940
- Construction
- CONCRETE
- Lot size
- 0.09 lot acres
- Property size
- 1,248 SF
- Zone code
- BD
- Property type
- Auto shops
- APN
- LYNN M:095 B:510 L:015
- APU
- LYNNM095B510L015
Description
This exceptional commercial property at 195 Chestnut Street, Lynn, MA, presents a rare investment opportunity. Situated on a 0.09-acre lot in a high-traffic downtown location, this building offers significant versatility. Currently configured as a dual-use facility, the property boasts a thriving, leased two-bay auto repair shop complete with lifts on the Essex Street side. This section of the building is an established business. The Chestnut Street side features an office, restroom, and a substantial fenced parking area accommodating 17 vehicles. A large gate facilitates easy vehicle maneuvering, currently supporting a used car dealership operation. The ample parking and convenient location make this property ideal for a variety of commercial ventures. Potential uses include, but are not limited to, a contractor's base, light manufacturing facility, office space, or retail establishment. The building's adaptable layout and prime location offer significant potential for growth and return on investment. The property's strategic position at the corner of Chestnut and Essex Streets ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in the Lynn market. The existing lease provides immediate income potential, while the adaptable space allows for future expansion or modification to suit a wide range of commercial needs. This is a unique opportunity to acquire a well-positioned commercial property with immediate income and significant long-term potential. The asking price is $899,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9378
- Latitude
- 42.4706
- 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
2024
$5,279
$197,500
$64,100
$261,600
-
$0.00
$0.00
$0.00
