Presenting: Western Ave. Lynn, MA 01904
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1 Presenting: Western Ave Lynn, MA ,732 SF Storefront /Residential Building Built in 1910 Property is for sale at $449,000 ($120.31/SF) Page 1
2 Investment Information Western Ave Lynn, MA ,732 SF Storefront /Residential Building Built in 1910 Property is for sale at $449,000 ($120.31/SF) For Sale Data Sale Price: $449,000 $ Days on Market: Sale Status: 1 Active Sale Conditions: Sale Type: Investment OR Owner/User Sales Contacts Bibby Real Estate Corporation Lynnway Suite 300 Lynn, MA (781) Christopher J. Bibby President (781) phone (781) fax Notes Hi traffic location existing sit or takeout restaurant for decades with 2 three bedroom apartments up. Utilities separate. Great opportunity for owner occupied restraunteur. The additional income makes it easier to own. About 30,000 people within 1 mile. Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 2
3 Property Information Western Ave Lynn, MA ,732 SF Storefront /Residential Building Built in 1910 Property is for sale at $449,000 ($120.31/SF) Center Information Storefront /Residential Built ,732 SF % Leased: 100.0% Rent/SF/Yr: Stories: 3 Elevators: Total Avail: 1,766 SF Bldg Vacant: 0 SF CAM: Zoning: BD Owner Type: Individual Owner Occupied: Tenancy: Multiple Tenant 0.11 AC Lot Dimensions: Street Frontage: Parking: Amenities: Parcel No: 48 feet on Western 4 Surface Spaces are available; Ratio of 1.07/1,000 SF Bus Line, Commonarea parking only, Tenant Controlled HVAC LYNN Floor SF Avail Floor Contig Bldg Contig Rent/SF/yr + Svs Occupancy Term 1,766 1,766 1,766 Withheld 30 Days TBD Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 3
4 Location Information Western Ave Lynn, MA Metro Market: Submarket: County: Boston Route 128 North/Saugus/Lynn Essex City Level Street Level Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 4
5 Comps Information Stories: Storefront /Residential 3,732 SF 3 Built AC Western Ave Lynn, MA Sale Price: Days on Market: $449,000 $ ,657 SF AC 335 Lafayette St * Salem, MA $727,000 $ Jul 1, Lafayette, LLC 4.33 miles from subject property Beach St * Revere, MA ,220 SF AC $505,000 $ May 26, 2016 City Walk Realty LLC 4.51 miles from subject property 386 Squire Rd * Revere, MA ,940 SF AC $435,000 $ May 5, 2016 United Service Group Inc 4.01 miles from subject property 79 Foster St * Peabody, MA ,439 SF AC $435,000 $98.00 Oct 31, miles from subject property Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 5
6 Comps Information (cont'd) 371 Central St * Saugus, MA ,176 SF AC $475,000 $ Oct 31, miles from subject property 157 Nahant Rd * Nahant, MA ,873 SF AC $500,000 $ May 16, 2016 Sdv Rt 3.17 miles from subject property 829 Boston St * Lynn, MA ,500 SF AC $750,000 $ Nov 27, 2018 Jb Capital Llc 1.65 miles from subject property 3,960 SF AC 95 Lynnway * Lynn, MA $285,000 $71.97 Feb 23, 2016 Loc T Vo 1.14 miles from subject property 426 Boston St * Lynn, MA ,320 SF AC $250,000 $75.30 Jun 6, 2016 Irving, Jason 0.46 miles from subject property Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 6
7 Comps Information (cont'd) 554 Western Ave * Lynn, MA ,628 SF AC $349,900 $62.17 Jun 6, Western Avenue Realty Trust 0.06 miles from subject property Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 7
8 Tenant Information Western Ave Lynn, MA Tenants in Building: % Leased: Tenancy: Owner Occupied: % Multi Tenant Industry # Emp. Garth A Edmond Consulting Inc Business Services 2 SF Occupied Floor(s) Rite Spice Caribbean ers/wholesalers 1,600 09/20/2016 Move Date Expiration Date Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 8
9 Western Ave Tenant SF Occupied Floor(s) Industry # Emp Lease Began Lease Expiration Phone Contacts Garth A Edmond Consulting Inc Business Services 2 Garth A Edmond Rite Spice Caribbean 1,600 09/20/2016 (781) Total Tenants for Western Ave: 2 Total Tenants for report: 2 Copyrighted report licensed to Economic Development & Industrial Corporation Lynn Page 9
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