61 Franklin St, Lynn MA 01902

Lynn, MA 01902
$280,000
Est. $2,017/month
0.06
Acres
1928
Year Built
155
Days on Market
Closed Listed May 28, 2024 • MLS# 73243236 Copied!

About this home

Prime commercial property for sale in Lynn! This 742 sq.ft. space on a 2,467 sq.ft. lot, with parking for 5 vehicles, is in a high-traffic corner of a vibrant and diverse neighborhood. Currently a popular restaurant, it was previously a beauty salon and a cell phone repair shop, making it versatile for various businesses. The property offers high traffic flow, a welcoming interior, and a supportive community. Conveniently located near other businesses and residential areas, it presents an excellent opportunity for growth. Engage with a community that values local businesses and benefit from the area's continuous development. This property can be delivered vacant, ready for your vision. Don't miss this exceptional chance to expand your business in a prime location! Contact us today!

Property Overview

Listing Type
Commercial Sale
Year Built
1928

Sale Statistics

Sale Overview
Original List Price: $295,000
Final Sale Price: $280,000
Difference: $15,000 (-5.1%)
Performance Metrics
94.9%
List to Sale Ratio
Sold below asking price
155
Days on Market
Extended listing
Sale Summary

This property sold for 5.1% below the original asking price.

At 155 days on market, this property took longer than average to sell.

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1928
Lot Size 0.06 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $4,813

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1928
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

61 Franklin St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $401
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

55.9%
Price Range

Property Timeline

Current Active Listing - MLS #73437612
Full transaction history available when tracking began
🏡
Currently Listed
Oct 1, 2025
$635,000
MLS #73437612 - Active
Sold
May 6, 2025
$280,000
Property sold
🏠
Listed for Sale
May 28, 2024
$295,000
Original listing
Agent: The Alianza Group Office: Nina-Soto Realty, LLC

Price & Status History

Date Event Price Change
Oct 4, 2025 Sold $635,000
May 28, 2024 New Listing Added $295,000

Market Statistics

Days on Market
155 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2024 $4,813

Financial Details

Annual Property Tax
$4,813
Tax Year 2024

Listing Information

Listing Agent The Alianza Group
Listing Office Nina-Soto Realty, LLC
Agent MLS ID TM352293
Office MLS ID AN6324
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Lynn, MA

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61 Franklin St, Lynn MA 01902 - Photo 1 61 Franklin St, Lynn MA 01902 - Photo 2 61 Franklin St, Lynn MA 01902 - Photo 3 61 Franklin St, Lynn MA 01902 - Photo 4 61 Franklin St, Lynn MA 01902 - Photo 5 61 Franklin St, Lynn MA 01902 - Photo 6 61 Franklin St, Lynn MA 01902 - Photo 7 61 Franklin St, Lynn MA 01902 - Photo 8 61 Franklin St, Lynn MA 01902 - Photo 9 61 Franklin St, Lynn MA 01902 - Photo 10 61 Franklin St, Lynn MA 01902 - Photo 11

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