Property profile

59 Franklin St Lynn, MA 01904

OFF-MARKET
Retail space
Property ID
US38-1351767
1,890 SF 0.17 ac lot Built 1953
Entity Owned 23-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction FRAME
Total area 1,890 SF
Lot 0.17 ac (7,593 SF)
Zoning code R2
APN LYNN M:055 B:201 L:001
UPID US38-1351767

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
  • Grocery & Convenience Store

Location

59 Franklin St Lynn, MA 01904-3134
Lynn metro Census 205500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2003
2 recorded transactions
2003
$190,000
2003
$1

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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