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14-20 Central Ave 47,706 SF 62% Leased Office Building Lynn, MA 01901 $5,700,000 ($119.48/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
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$780,299
|
$16.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$66,768
|
$1.40
|
| Effective Gross Income |
$713,531
|
$14.96
|
| Taxes |
$91,217
|
$1.91
|
| Operating Expenses |
$257,918
|
$5.41
|
| Total Expenses |
$349,135
|
$7.32
|
| Net Operating Income |
$364,396
|
$7.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $780,299 |
| Annual Per SF | $16.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $66,768 |
| Annual Per SF | $1.40 |
| Effective Gross Income | |
|---|---|
| Annual | $713,531 |
| Annual Per SF | $14.96 |
| Taxes | |
|---|---|
| Annual | $91,217 |
| Annual Per SF | $1.91 |
| Operating Expenses | |
|---|---|
| Annual | $257,918 |
| Annual Per SF | $5.41 |
| Total Expenses | |
|---|---|
| Annual | $349,135 |
| Annual Per SF | $7.32 |
| Net Operating Income | |
|---|---|
| Annual | $364,396 |
| Annual Per SF | $7.64 |
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
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 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
12-30 Central Avenue offers turn-key medical office suite situated on the first floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for occupancy April 2027 and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The first floor offers 4,621 sqft of ADA compliant space currently being used as a profession eye clinic for Lynn Community Health Center. This suite comes with multiple bathrooms, 9 individual offices, 8 medical exam rooms with plumbing/sinks and kitchenette perfect for out-patient medical, dental, optometrist or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
12-30 Central Avenue offers turn-key office space situated on the second floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The second floor offers 5,912 sqft of sub-dividable ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
12-30 Central Avenue offers turn-key office space situated on the third floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The third floor offers 6,820 sqft of ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
12-30 Central Avenue offers turn-key office space situated on the fourth floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The fourth floor offers 6,810 sqft of ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 4,621 SF | Office/Medical | - | May 2027 |
| 2nd Floor | 4,682 SF | Office/Medical | - | Now |
| 3rd Fl-Ste 3rd Fl | 6,820 SF | Office | Full Build-Out | Now |
| 4th Floor | 6,810 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 4,621 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| May 2027 |
2nd Floor
| Size |
| 4,682 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 3rd Fl
| Size |
| 6,820 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 6,810 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 4,621 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | May 2027 |
12-30 Central Avenue offers turn-key medical office suite situated on the first floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for occupancy April 2027 and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The first floor offers 4,621 sqft of ADA compliant space currently being used as a profession eye clinic for Lynn Community Health Center. This suite comes with multiple bathrooms, 9 individual offices, 8 medical exam rooms with plumbing/sinks and kitchenette perfect for out-patient medical, dental, optometrist or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
2nd Floor
| Size | 4,682 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
12-30 Central Avenue offers turn-key office space situated on the second floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The second floor offers 5,912 sqft of sub-dividable ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
3rd Fl-Ste 3rd Fl
| Size | 6,820 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
12-30 Central Avenue offers turn-key office space situated on the third floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The third floor offers 6,820 sqft of ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
4th Floor
| Size | 6,810 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
12-30 Central Avenue offers turn-key office space situated on the fourth floor of a professionally managed secure building on a bustling street with high pedestrian and vehicular traffic and optimal visibility. Available for immediate occupancy and located in the heart of downtown Lynn with close proximity to the Commuter Rail and public parking. The fourth floor offers 6,810 sqft of ADA compliant space with multiple bathrooms, individual offices, conference rooms and kitchenette and offers an ideal location perfect for out-patient medical, attorneys or other administrative services! 20 Central Avenue is the perfect opportunity for a business to expand their existing operation to support future growth.
