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225 Boston St
Lynn, MA 01904
Office Property For Sale
Investment Highlights
- Multi-tenant medical office building, 95% occupied, going-in cap rate 7.2%
- At $123/SF the building is priced well-below replacement cost
- Large site with future multifamily development potential, could exceed 200 units subject to permits and approvals
- Strong historical occupancy and positive cash flow
- 1.94 +/- acre lot with off-street parking for 125 +/- vehicles
- Excellent location close to Route 107 and downtown Lynn
Property Facts
Property Type
Office
Property Subtype
Building Size
29,870 SF
Building Class
B
Year Built
1974
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,957 SF
Slab To Slab
12’
Building FAR
1.16
Lot Size
0.59 AC
Zoning
BD
Parking
125 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | LYNN-000054-000199-000033 | Improvements Assessment | $2,240,500 |
| Land Assessment | $2,075,800 | Total Assessment | $4,316,300 |
Property Taxes
Parcel Number
LYNN-000054-000199-000033
Land Assessment
$2,075,800
Improvements Assessment
$2,240,500
Total Assessment
$4,316,300
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