61 Franklin St, Lynn MA 01902
Lynn, MA 01902
$2,800/mo
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About this home
Exceptional turnkey restaurant opportunity on a high-visibility corner in downtown Lynn. This freestanding, single-story building offers approximately 742 SF wrapped in storefront glass, with strong all-day foot traffic and on-site parking. A true second-generation restaurant — everything is in place and conveys: a full commercial kitchen with vented Type I hood and ANSUL fire suppression, gas cooking line, walk-in cooler, prep and hand-wash sinks, and a renovated customer restroom. The building has been extensively updated, including a new roof, HVAC, tankless hot water, updated electrical and plumbing, and new flooring throughout. Steps from City Hall, Lynn Common, and Market Street shops and dining, with the MBTA commuter rail nearby for a roughly 20-minute ride to Boston. B2 zoning allows for flexible commercial use. Offered on a triple-net (NNN) lease. Bring your concept — café, taquería, pizzeria, brunch spot, and more — and open with minimal build-out. Ideal for restaurateurs, chefs, and first-time operators seeking a move-in-ready space.
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Property History
Market Insights
99.4%
Price Range
2
Previous Sales
Property Timeline
Listed for Rent
Aug 31, 2026
$2,800
Original listing
Agent: Aleksandra Koren
Office: Serhant
Previous Transaction - MLS #73467522
Full transaction history available when tracking began
Previously Sold
Jan 16, 2026
$485,000
MLS #73467522
Previous Transaction - MLS #73243236
Full transaction history available when tracking began
Previously Sold
May 6, 2025
$280,000
MLS #73243236
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/31/2026 | 🏠 Listed for Rent | $2,800 | - | - | Original listing |
| 01/16/2026 | 🏷️ Previously Sold | $485,000 | - | - | MLS #73467522 |
| 05/06/2025 | 🏷️ Previously Sold | $280,000 | - | - | MLS #73243236 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,399 | — |
Financial Details
Annual Property Tax
$5,399
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Lease
Year Built
1928
Living Area
742 sq ft
Lot Size
0.06 acres
Rental Details
Rent Includes
None
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, Natural Gas Available
Building & Pet Policy
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Rent
Year Built
1928
Living Area
742 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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:
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
Elementary Schools
10 schools
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
C-
Lynn Vocational Technical Institute
0.5 mi
|
#284 of 346
|
Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades PK-12
Sacred Heart Elementary School
1.0 mi
Grades PK-08
St. Pius V Elementary School
1.0 mi
Grades PK-08
North Shore Christian School
1.6 mi
Grades PK-08
The Hathaway School
1.6 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.0 mi
Grades PK-12
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
C-
Wm. P. Connery Elementary School
0.5 mi
|
#719 of 824
|
Score: 34.2
Improved 75 spots from last year
-24.1 below state avg
563 students
Moderate
Rising School
Grades K-05
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
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
0.1 mi
Grades 06-12
St. Mary's High School
0.3 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
0.7 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
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
D
Lynn English High School
0.9 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
C-
Classical High School
1.6 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Location
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Neighborhood
61 Franklin St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Aleksandra Koren
Listing Office
Serhant
Office Phone
617-250-0559
Agent MLS ID
CN248906
Office MLS ID
AN9455
Listing Data Updated
Aug 31, 2026 7:36 AM EDT
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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