Property profile

229 Massachusetts Ave Lexington, MA 02420

OFF-MARKET
Retail properties & Spaces
Property ID
US38-1628694
2,850 SF 0.17 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,850 SF
Lot 0.17 ac (7,540 SF)
Zoning code CRS
APN LEXI M:0013 L:000374
UPID US38-1628694

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
  • Marketing & Advertising Advertising Agency
  • Financial Advisor
  • Consultant

Location

229 Massachusetts Ave Lexington, MA 02420-4019
Lexington metro Census 358100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2025
4 recorded transactions
2025
$2.1M
2025
Price N/A
2017
$749,500
1992
$430,000

Zoning & alternative use

CRS · Lexington, MA
Zoning description

residential uses permitted in an underlying zoning district. 3. (Reserved) 4. Developments in the VO or VLO District may contain nonresidential uses on the street floor and basement to the extent permitted in either the…

General category COMMERCIAL

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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