Lynn, Massachusetts, is a historic city that offers a unique opportunity for investors to tap into the retail market. With a rich colonial history and a diverse population, Lynn has evolved into a city with a strong cultural district, public parks, and beautiful open spaces like Lynn Shore Reservation and Lynn Woods Reservation. Retail Properties in Lynn for sale present an attractive investment option, as the city's economy has diversified from its industrial roots to include a mix of industries, including tannery, shoe-making, and creative placemaking. These properties can represent a range of investments, from small storefronts to larger commercial spaces, offering flexibility for investors. Lynn's amenities, infrastructure, and location make it an attractive place to invest in Retail Properties, with access to transportation services like the MBTA Commuter Rail system, River Works station, and several bus routes, as well as proximity to Boston's Logan International Airport. The city's educational institutions, such as North Shore Community College, and attractions like St. Mary's High School, Lynn Woods Reservation, and Manning Field, also contribute to its appeal. Additionally, Lynn's arts scene, with events like the Beyond Walls festival, and its cultural district, make it a great place for business and travel.
With 7 Retail Properties for sale in Lynn, investors have a range of options to choose from. The average price per square foot for Retail Properties in Lynn is $356 USD, with an average size of 6,131 square feet, and a largest size of 13,162 square feet. The average cap rate for Retail Properties in Lynn is 7.25%. In addition to Retail Properties, Lynn also offers other property types, such as Shopping Centers, which can provide a steady income stream, Restaurants, which can capitalize on the city's cultural district, Office Properties, which can tap into the city's diverse industries, and Hotels, which can cater to the city's growing tourism. With its unique blend of history, culture, and infrastructure, Lynn is an attractive place to invest in Retail Properties, offering a strong potential for returns.
What is the average cap rate for retail properties in Lynn?
When it comes to retail properties in Lynn, investors can expect an average cap rate of 7.25%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment strategy, be sure to check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Lynn, Massachusetts, the location and foot traffic of retail properties play a significant role in determining their values. For instance, retail properties situated in high-traffic areas such as downtown Lynn, particularly in the Central Square area on Mount Vernon Street, tend to have higher values due to their proximity to public transportation, amenities, and a dense population of around 90,000 people, which increases the potential for customer foot traffic and sales.
