Lynn, Massachusetts, is a prime location for investing in office properties, offering a unique blend of history, culture, and economic growth. With its rich colonial past, Lynn has evolved into a diverse city with a strong sense of community, making it an attractive destination for businesses and entrepreneurs. Office properties in Lynn represent a solid investment opportunity, providing a stable source of income and potential for long-term appreciation. Whether you're looking for a single-story building or a multi-tenant complex, Lynn's office properties cater to a range of needs and budgets. The city's excellent infrastructure, including transportation services like the MBTA Commuter Rail system and major highways, makes it easily accessible to clients and employees. Additionally, Lynn's amenities, such as North Shore Community College, Lynn Woods Reservation, and Manning Field, provide a desirable quality of life for residents and workers. As a business hub, Lynn is home to major corporations like General Electric and Eastern Bank, further solidifying its reputation as a great place to invest in office properties.
With 3 office properties for sale in Lynn, there are plenty of options to choose from. The average price per square foot is $183 USD, and the average size of these properties is 5,783 square feet, with the largest property spanning 8,400 square feet. The average cap rate is , making Lynn an attractive option for investors. In addition to office properties, Lynn also offers a range of other commercial real estate opportunities, including commercial buildings, apartment buildings, shopping centers, and hotels. The city's diverse economy, rich history, and cultural attractions make it an ideal location for businesses and investors alike. From its scenic coastline to its vibrant downtown area, Lynn has something to offer everyone, making it a great place to invest in office properties or explore other commercial real estate opportunities.
What is the average price per square foot for office properties in Lynn?
The average price per square foot for office properties in Lynn is $183 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lynn, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, decent infrastructure, and convenient locations, appealing to a broader range of tenants and providing a balance between quality and affordability.
- Class C office properties are often older buildings with limited amenities, outdated infrastructure, and less desirable locations, typically attracting budget-conscious tenants and requiring renovation or redevelopment.
