922 Lynnfield St Lynnfield — Photo 1 of 5
$1,999,900
Investment Analysis — 922 Lynnfield 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 0.89% cap rate and $17,793/yr in estimated NOI at the $1,999,900 list price. Adjust every assumption in the calculator below.
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Prime redevelopment opportunity at the former “Good Luck Farms” New England Barbecue Chicken Restaurant site. Approved for a 5,202 S.F. - 2 unit retail building.(Shovel ready) This highly visible vacant lot is strategically located in a high-traffic corridor with immediate access to Route 1 and I-95/Route 128, offering exceptional exposure and convenience for a variety of commercial uses. The property is situated within a Limited Business (LB) zoning district, permitting by-right uses including general retail, restaurants, small office space, and banks. Additional commercial uses may be allowed through a Special Permit from the Zoning Board of Appeals (ZBA), providing flexibility for future development. Public water, public sewer, and natural gas utilities are available at the street, helping streamline the development process. Ideal for investors, developers, owner-users, or national/regional operators seeking a strong North Shore location with outstanding accessibility and visibility
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: John Bulman
Listing Office: Brad Hutchinson Real Estate
MLS® Number: 73531057
