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12-30 Central avenue ave 54,516 SF 100% Leased Office Building Lynn, MA 01901 $5,700,000 ($104.56/SF) 6.39% Cap Rate
Investment Highlights
- Located downtown with close proximity to public parking lot and MBTA garage
- first floor built out for outpatient practices. Ideal for dentist, optometrist, doctors office and many other medical uses.
- 6th floor has a 9 years lease remaining
Executive Summary
12-30 Central Avenue is a 54,516 sqft classic brick and steel office building constructed early in the twentieth century and has been totally renovated and upgraded throughout the years. The building is located on three streets with a classic flatiron shape. 12-30 Central features an elegant lobby featuring two elevators which cover all six floors plus the basement area. For the past ten years, Lynn Community Health has occupied most of the building including it’s first floor eye clinic. The building is fully handicap accessible. 12-30 Central is well located and a short distance from the MBTA commuter rail stop, public parking lots and garage, City Hall and Lynn District Court. With many of the downtown office buildings having been converted into housing, 12-30 Central offers an opportunity for an owner-occupied office building or a multi-tenant office building offering suites from one room to full floor occupancy.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$780,299
|
$14.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$66,768
|
$1.22
|
| Effective Gross Income |
$713,531
|
$13.09
|
| Taxes |
$91,217
|
$1.67
|
| Operating Expenses |
$257,918
|
$4.73
|
| Total Expenses |
$349,135
|
$6.40
|
| Net Operating Income |
$364,396
|
$6.68
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $780,299 |
| Annual Per SF | $14.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $66,768 |
| Annual Per SF | $1.22 |
| Effective Gross Income | |
|---|---|
| Annual | $713,531 |
| Annual Per SF | $13.09 |
| Taxes | |
|---|---|
| Annual | $91,217 |
| Annual Per SF | $1.67 |
| Operating Expenses | |
|---|---|
| Annual | $257,918 |
| Annual Per SF | $4.73 |
| Total Expenses | |
|---|---|
| Annual | $349,135 |
| Annual Per SF | $6.40 |
| Net Operating Income | |
|---|---|
| Annual | $364,396 |
| Annual Per SF | $6.68 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
54,516 SF
Building Class
B
Year Built
1913
Price
$5,700,000
Price Per SF
$104.56
Cap Rate
6.39%
NOI
$364,396
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
7,000 SF
Building FAR
6.95
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lynn Community Health
- Health Care and Social Assistance
- 23,860 SF
- $21.85
- Modified Gross
- Apr 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lynn Community Health | Health Care and Social Assistance | 23,860 SF | $21.85 | Modified Gross | Apr 2027 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
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12-30 Central avenue ave
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