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61 Franklin St, Lynn MA 01902

Lynn, MA 01902
$635,000
Est. $3,819/month
0.06
Acres
1928
Year Built
147
Days on Market
Active Listed Oct 1, 2025 • MLS# 73437612 Copied!

About this home

Are you looking to expand or start your own business? Why rent? When you can own it. This commercial building is ready to be use as a Restaurant, Cafe shop, Butchery or anything else that you wish. Currently, it's set up as a Restaurant with kitchen, stove, cooler, exhaust hood, sinks etc. Building has a lot of renovations, including: exterior granite stone, windows, rubber roof, new HVAC, new fence, new hot water tankless, some updated electrical and plumbing, new bathroom and new floors etc. Conveniently located in downtown Lynn. It's in a busy street and just minutes away from city hall, schools and Lynn commoms. Call now for more info.

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Property Overview

Listing Type
Commercial Lease
Year Built
1928

Facts & Features

Home Facts

Type Commercial Lease
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

Financial

Annual Tax $4,897

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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Nearby Schools

School District
Lynn School District local
D
⚠ School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
↓ 2.0% below state avg
E

Elementary Schools

3 schools
C-
Cobbet Elementary School
< 0.1 mi | #696 of 824 | Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students Less Diverse
Rising School
Grades PK-05
C
Washington Elementary School
0.3 mi | #646 of 824 | Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students Moderate
Rising School
Grades K-05
B-
KIPP Academy Lynn Charter School
0.3 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
1.3 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.4 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.1 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.1 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
St. Mary's High School
0.3 mi
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

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 $408
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
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73467522
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 16, 2026
$485,000
MLS #73467522
View Listing →
🏠
Listed for Sale
Oct 1, 2025
$635,000
Original listing
Agent: Pablo E. Aguirre Office: Re-yes Real Estate
Previous Transaction - MLS #73243236
Full transaction history available when tracking began
🏷️
Previously Sold
May 6, 2025
$280,000
MLS #73243236
View Listing →

Price & Status History

Date Event Price Change
Jan 16, 2026 Sold $485,000 —
Oct 1, 2025 New Listing Added $635,000 —
May 6, 2025 Sold $280,000 —

Market Statistics

Days on Market
147 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $4,897 —

Financial Details

Annual Property Tax
$4,897
Tax Year 2025

Listing Information

Listing Office Re-yes Real Estate
Agent MLS ID C8001667
Office MLS ID C10136
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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