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Property profile & analytics
OFF-MARKET Estimated value $655,000
Showrooms

63 Goodridge St Lynn, MA 01902-2624

3,256 SF 0.09 ac lot Built 1920
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0886816
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1920
Construction FRAME
Total area 3,256 SF
Lot 0.09 ac (3,779 SF)
Zoning code R1
APN LYNN M:085 B:489 L:019
UPID US38-0886816
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
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$421k
Blend (final) Blend
$655k
Owner & transaction history
Del Rio LLC · 1 yrs held
Del Rio LLC
since 2024
Last sale
$655,000
4 recorded transactions
2024
$655,000
2022
Price N/A
2002
$177,500
1999
$125,000
Zoning & alternative use
R1 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $880,000 +64.9%
Retail stores $720,000 +34.8%
Office building $680,000 +27.2%
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