425 Walnut St, Lynnfield, MA 01940
- Individual retail properties
- 58,783 SF
- 5.61 lot acres
Current Use by Public Records
- Individual retail properties
Property Details for 425 Walnut St
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 5.61 lot acres
- Zone code
- RB
- Property type
- Individual retail properties
- APN
- LYNF M:0050 B:0000 L:0868
- APU
- LYNFM0050B0000L0868
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 1, 2024 | — | 425 Walnut LLC | — | Deed · related | $4M · Rockland Trust Co |
| Aug 3, 2023 | — | Wakefield Sports LLC | — | Deed · related | $6.4M · South Shore Bank |
| Jun 26, 2019 | — | Wakefield Sports LLC | — | Deed · related | $1.1M · Northern Bank & Trust Co |
| Dec 22, 2017 | — | Wakefield Sports LLC | — | Deed · related | $3M · Northern Bk & Tr |
| Dec 19, 2014 | $4,400,000 | Wakefield Sports LLC | Redus Wakefield LLC | Quit Claim Arm's Length For Ne States | $3.5M · Northern Bank & Trust Co |
Description
This exceptional mixed-use property at 425 Walnut Street in Lynnfield, Massachusetts, offers a significant opportunity for retail and restaurant businesses. Boasting a total of 244,372 square feet on a generous 5.61-acre lot, this multi-tenant building presents a compelling investment prospect. Currently, there is 58,783 square feet of vacant space available for lease, providing immediate potential for expansion or new tenancy. The property's prime location in Essex County, with its easy access to major transportation routes, ensures high visibility and substantial foot traffic. The building's classification as mixed-use allows for a diverse range of commercial ventures, catering to a broad customer base. The substantial lot size offers ample parking and potential for future development. This property is ideally suited for businesses seeking a prominent presence in a thriving Lynnfield community. The existing infrastructure and substantial square footage provide a solid foundation for immediate occupancy and long-term growth. The available space presents a unique opportunity to establish a strong foothold in a desirable market. Interested parties are encouraged to inquire about lease terms and available space configurations. The zip code for this property is 01940.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,120,000
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Location Insight
- Map
- Local Demand
- City
- Lynnfield
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0364
- Latitude
- 42.5146
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
