Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    515 Chestnut St Lynn, MA 01904-2716

    • Turn key restaurants
    • 1,665 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US38-1865858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marquito's Kitchen / Fast Food Restaurant
    • Panaderia y Antojitos Centro Americanos / Convenience Store

    Property Details for 515 Chestnut St

    Year built
    1979
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    1,665 SF
    Zone code
    BD
    Property type
    Turn key restaurants
    APN
    LYNN M:085 B:169 L:039
    APU
    LYNNM085B169L039

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9491
    Latitude
    42.4775
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,640
    $387,600
    $189,200
    $576,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      1,428 SF

      4 Lynnfield St

      RESTAURANT • 1,428 SF
      4 Lynnfield St, Lynn, MA 01904-2220
      View Details
    • Value Estimation
      $280,000
      1,181 SF

      265 Broadway

      RESTAURANT • 1,181 SF
      265 Broadway, Lynn, MA 01904-1857
      View Details
    • Value Estimation
      $415,000
      2,346 SF

      200 Lynnfield St

      RESTAURANT • 2,346 SF
      200 Lynnfield St, Lynn, MA 01904-1605
      View Details
    • Value Estimation by Request
      2,859 SF

      8 Washington St

      RESTAURANT • 2,859 SF
      8 Washington St, Lynn, MA 01904
      View Details
    • Value Estimation by Request
      3,237 SF

      116 Boston St

      RESTAURANT • 3,237 SF
      116 Boston St, Lynn, MA 01904-2526
      View Details
    • Value Estimation
      $265,000
      2,833 SF

      95 Lynnfield St, Unit 101

      RESTAURANT • 2,833 SF
      95 Lynnfield St, Lynn, MA 01904-2221
      View Details

    Similar Nearby for Sale

    • $759,000

      Lynn Two-Family in Ward One

      Two-family property with updates in a desirable location.
      246 Euclid Ave, Lynn, MA 01904
      View Details
    • $899,999

      Updated Two-Family Home in Lynn

      Turn-key, high-income property near transportation and downtown.
      325 Western Ave, Lynn, MA 01904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,612 SF

      Retail Space in Lynn, MA

      10,612 SF retail space available in Lynn, MA.
      86-102 Boston St, Lynn, MA 01904
      View Details
    • $1,999 /Mo

      Prime Retail/Office Space in Lynn

      Highly visible 600 sq ft commercial space for lease.
      232-234 Lynnfield St, Lynn, MA 01904
      View Details

    Property Visit Statistics

    • Visits by month
      10.8k
    • Visitors by month
      9.7k
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 Chestnut St
    Lynn, MA 01904-2716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.