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    Property profile & analytics
    OFF-MARKET Estimated value $710,000
    Retail space

    212 Broad St 218, Lynn, MA 01901-1610

    4,844 SF 0.17 ac lot Built 1920
    Individually Owned 23-yr Hold Free & Clear
    Property ID
    US38-0875818
    Property summary
    AI-generated overview

    This exceptional 4,844 square foot single-story warehouse is ideally situated at 212-218 Broad Street, Lynn, MA. Located adjacent to North Shore Community College and just one block north of Route 1A (Lynnway), this property offers unparalleled accessibility and visibility. The building sits on a 12,600 square foot lot and features ample parking with 35 spaces, including both on-street and off-street options. The property is zoned commercial and is currently vacant, presenting a unique opportunity for a variety of uses. The building boasts gas-fired heat and central air conditioning, ensuring year-round comfort. Utilities are the responsibility of the tenant, including heat, gas, electricity, water, and sewer. This versatile space is perfect for a warehouse, distribution center, or other commercial enterprise seeking a prime location with convenient access to major transportation routes and a thriving community. The single-tenant occupancy provides a straightforward and efficient operational environment. Don't miss this chance to secure a highly desirable commercial property in a rapidly developing area. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1920
    Construction STEEL FRAME
    Total area 4,844 SF
    Lot 0.17 ac (7,380 SF)
    Zoning code CBD
    APN LYNN M:082 B:592 L:005
    UPID US38-0875818
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $923k
    Blend (final) Blend
    $710k
    Owner & transaction history
    212 Broad St. RT · 23 yrs held
    212 Broad St. RT
    since 2002
    1 recorded transaction
    2002
    $240,000
    Zoning & alternative use
    CBD · Lynn, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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