Property profile

468 Chestnut St Lynn, MA 01902

OFF-MARKET
Turn key restaurants
Property ID
US38-1462566
1,000 SF 0.08 ac lot Built 1930
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction FRAME
Total area 1,000 SF
Lot 0.08 ac (3,636 SF)
Zoning code R2
APN LYNN M:085 B:686 L:013
UPID US38-1462566

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
  • Restaurant

Location

468 Chestnut St Lynn, MA 01902-2747
Lynn metro Census 205200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2016
7 recorded transactions
2016
$275,000
2004
$130,000
2001
$78,000
1996
$89,000
1994
$98,600
1994
Price N/A
1987
Price N/A

Zoning & alternative use

R2 · Lynn, MA
Zoning description

The intent of this zone is to promote two family residential uses.

General category RESIDENTIAL

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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