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922 Lynnfield St 0.63 Acres of Commercial Land Offered at $1,999,000 in Lynnfield, MA 01940
Investment Highlights
- Highly visible, high traffic counts, ease of access from 4 main roads to Rotary(Roundabout)
- Zoning approvals in place for 3,000 S.F. Restaurant, business district.
- Rough graded, walls built, drainage partially installed, Water & sewer at lot line,
Executive Summary
Strategically situated along Lynnfield Street (Route 129), with immediate access to Route 1 and Interstate 95/Route 128, the property benefits from outstanding traffic exposure and convenient regional connectivity. The site is positioned within close proximity to Market Street Lynnfield, numerous national retailers, restaurants, professional office developments, and affluent residential neighborhoods, creating a strong foundation for a wide range of commercial uses.
The property is located within the Town of Lynnfield's Limited Business (LB) Zoning District. By-right uses include retail establishments, restaurants, banks, financial institutions, and professional office space. Additional commercial uses may be pursued through the Special Permit process with the Lynnfield Zoning Board of Appeals, providing flexibility for future development and investment strategies.
Public water, public sewer, natural gas, electric, and telecommunications infrastructure are available at the street, allowing developers to leverage existing utility services and reduce development costs. The site's prominent location, favorable zoning, and utility availability create an exceptional opportunity for immediate redevelopment.
Potential development concepts may include:
Restaurant or hospitality uses
Fast-casual or drive-through restaurant concepts (subject to approvals)
Retail development
Medical or professional office buildings
Banking and financial institutions
Mixed commercial uses
Service-oriented businesses
Boutique commercial developments
The surrounding trade area is characterized by strong demographics, high household incomes, and a substantial daytime population. Lynnfield continues to be recognized as one of the most affluent and desirable communities in Massachusetts, attracting both local businesses and national retailers seeking a presence within the North Shore marketplace.
Whether envisioned as a restaurant, retail destination, office development, or other commercial venture, 922 Lynnfield Street offers a unique opportunity to develop a landmark property in a premier location. The combination of visibility, accessibility, zoning flexibility, utility availability, and market strength positions this property as one of the most compelling commercial redevelopment opportunities currently available in the region.
Prospective purchasers and developers are encouraged to explore the numerous possibilities this site presents and to consider the long-term value of establishing a presence within one of Greater Boston's most dynamic commercial corridors.
Property Facts
1 Lot Available
Lot 2586
| Price | $1,999,000 | Lot Size | 0.63 AC |
| Price Per AC | $3,186,810.21 |
| Price | $1,999,000 |
| Price Per AC | $3,186,810.21 |
| Lot Size | 0.63 AC |
Site Attributes: 27,443± SF (0.63± Acres) Fully Approved Two-Tenant Retail Development 5,220± SF Approved Building Area 3,150± SF Restaurant Space 2,070± SF Retail Space 29 Parking Spaces (2 ADA) Certificate of No Appeal recorded
Description
Property Address: 922 Lynnfield Street, Lynnfield, MA 01940 Assessor's Map/Lot: Map 53, Lot 2586 Parcel ID: LYNFM0053B0000L2586 Lot Size: Approximately 27,443 ± square feet (0.63 ± acres) Zoning: Limited Business (LB) District Topography: Generally level Utilities: Public water, sewer, electric, and natural gas available at the street Road Frontage: Direct frontage along Lynnfield Street (State Highway) with excellent visibility and exposure Access: Immediate access to U.S. Route 1 and Interstate 95/Route 128 interchange Flood Zone: FEMA Zone X (area of minimal flood hazard) Current Status: Vacant commercial land approved for development of a two-unit retail building. The subject property consists of approximately 0.63 acres of commercially zoned vacant land situated along the heavily traveled Lynnfield Street corridor in the Town of Lynnfield, Massachusetts. The site is generally level and enjoys significant frontage and visibility from Lynnfield Street, making it well suited for retail, restaurant, office, and other commercial uses permitted within the Limited Business (LB) zoning district. Public utilities including water, sewer, electric, and natural gas are available at the street. The property benefits from excellent regional accessibility, located within minutes of Route 1 and Interstate 95/Route 128. Historically improved with the former Good Luck Farms restaurant, the site has been cleared and is currently vacant. The parcel is not located within a FEMA Special Flood Hazard Area and is situated within Flood Zone X, not requiring flood insurance.
Property Taxes
| Parcel Number | LYNF-000053-000000-002586 | Improvements Assessment | $0 |
| Land Assessment | $569,100 | Total Assessment | $569,100 |
Property Taxes
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922 Lynnfield St
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