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Property profile & analytics
FOR LEASE
Individual retail properties

425 Walnut St Lynnfield, MA 01940

58,783 SF 5.61 ac lot Built 1980
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US38-2074535
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1980
Construction STEEL FRAME
Total area 58,783 SF
Lot 5.61 ac (244,420 SF)
Zoning code RB
APN LYNF M:0050 B:0000 L:0868
UPID US38-2074535
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
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M
Owner & transaction history
Wakefield Sports LLC · 11 yrs held
Wakefield Sports LLC
since 2014
5 recorded transactions
2024
Price N/A
2023
Price N/A
2019
Price N/A
2017
Price N/A
2014
$4.4M
Zoning & alternative use
RB · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Residential B
General category RESIDENTIAL
Zone area 1,995.63 ac
Source Realmo
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