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Property profile & analytics

63 Goodridge St Lynn, MA 01902-2624

  • Showrooms
  • 3,256 SF
  • 0.09 lot acres
OFF-MARKET
Last Sale
Aug 01, 2024
$655,000
Value Estimations
$655,000
Show details
Cap Rate Potential
9.4%
Showrooms
Location Intelligence
Property ID
US38-0886816
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

  • Showrooms

Property Details for 63 Goodridge St

Year built
1920
Construction
FRAME
Lot size
0.09 lot acres
Property size
3,256 SF
Zone code
R1
Property type
Showrooms
APN
LYNN M:085 B:489 L:019
APU
LYNNM085B489L019

Description

This exceptional 3,500-square-foot warehouse and office space is available for lease in Lynn, Massachusetts. Situated on a 3,779-square-foot lot at 63 Goodridge Street, this single-tenant property offers a blend of functional warehouse space and comfortable office areas. Built in 1920, the building features one main structure with two convenient drive-in doors, ideal for efficient loading and unloading of goods. The warehouse boasts high ceilings and ample space to accommodate box trucks. The office component includes several smaller offices, multiple half-bathrooms, and a full bathroom for employee convenience. A modern kitchenette with granite countertops adds a touch of sophistication. The property benefits from a gas heating system and central air conditioning, ensuring year-round comfort. Parking is readily available both on-site and on the street, providing easy access for employees and clients. Its prime location offers easy access to Western Avenue and Chestnut Street, enhancing its accessibility and visibility. This property is located in Essex County, MA, zip code 01902. This versatile space is perfect for a variety of businesses seeking a well-maintained and conveniently located warehouse and office combination.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $655,000
    ML approach
    $655,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $421,000
    Market price range: $421k - $712k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $535,000
    Current use
    AUTO REPAIR, GARAGE
    $880,000
    Change: +65% Conversion: Difficult
    RETAIL STORES
    $720,000
    Change: +35% Conversion: Easy
    OFFICE BUILDING
    $680,000
    Change: +27% Conversion: Easy
    WAREHOUSE, STORAGE
    $460,000
    Change: -14% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lynn
County
Essex
State
Massachusetts
Longitude
-70.945
Latitude
42.4774
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
$7,366
$195,900
$169,100
$365,000
-
$0.00
$0.00
$0.00
More about this property
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