1167 Broadway - Office FOR SALE


Somerville, MA 02144- West Somerville
$2,700,000 USD
617-908-6775
1167 Broadway, Somerville, MA for Sale
$2,700,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

1167 Broadway
Somerville, MA 02144
West Somerville


HIGHLIGHTS

  • Total 9,358 SF commercial building (including useable Lower Level)
  • Zoned MR4 with versatile development options
  • 5 street level units, ideal for retail or office use

OVERVIEW

Presenting a prime opportunity for retail and street retail investors, 1167 Broadway in Somerville, MA offers a 9,358 SF, five-unit commercial building with immense potential. Located in the MR4 Zone , this Iconic property features 40% occupancy, providing immediate income and significant room for growth. Boasting 4,628 SF of street-level space suitable for retail or office use, the property also holds promise for redevelopment, presenting a compelling chance for potential NOI growth. With its strategic positioning in the Boston-Somerville area, this property is an enticing prospect for investors seeking a lucrative addition to their commercial real estate portfolio.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,910 SF

ZONING

MR4

APN/PARCEL ID

SOME-000008-D000000-000009

ASK ABOUT THIS PROPERTY

Albert BouchieGibson CommercialMore Info
617-908-6775

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Albert BouchieGibson CommercialMore Info
617-908-6775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.