630 Salem St Lynnfield — Photo 1 of 12
$619,900
Investment Analysis — 630 Salem St
Lynnfield, MA 01940
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01940 carries an estimated $2,610/mo in gross rent — about a 3.09% cap rate and $19,132/yr in estimated NOI at the $619,900 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
1925
Exceptional opportunity for professional office users in highly desirable Lynnfield! Located on well traveled Salem Street and close to RT 1 this property offers an ideal setting for a law office, accounting firm, insurance professional office, coffee shop, breakfast restaurant, fitness/gym studio or other professional use. Situated on approximately .24 acres with plenty of parking the property located within Lynnfield's Limited Business District. The property's prominent Salem Street location provides excellent visibility and convenient access, making it an attractive opportunity for a business looking to establish a presence in Lynnfield. This building is in great condition and ready for its next owner. It is easy to manage without a lot of moving parts and has many recent upgrades making it a great value.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Alexander Colarusso
Listing Office: Colarusso Realty
MLS® Number: 73567557
