Property profile

8 Washington St Lynn, MA 01904

OFF-MARKET
Turn key restaurants
Property ID
US38-1472010
2,859 SF 0.61 ac lot Built 2017
Entity Owned 37-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2017
Construction STEEL FRAME
Total area 2,859 SF
Lot 0.61 ac (26,414 SF)
Zoning code LI
APN LYNN M:070 B:256 L:093
UPID US38-1472010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Washington St Lynn, MA 01904
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
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$788k
Blend (final) Blend
$640k

Owner & transaction history

since 1988
1 recorded transaction
1988
Price N/A

Zoning & alternative use

LI · Lynn, MA
Zoning description

The intent of this zone is to promote light industrial uses.

General category INDUSTRIAL

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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