144 Broadway - Freestanding FOR SALE


Saugus, MA 01906
$795,000 USD
203-414-9232
144 Broadway, Saugus, MA for Sale
$795,000 USD
Freestanding - FOR SALE
1/9
null | 7.01% Cap Rate

144 Broadway
Saugus, MA 01906


HIGHLIGHTS

  • Freestanding Retail Asset on U.S. Route 1
  • 55 feet of frontage on Broadway
  • 100,000+ vehicles per day
  • Ample On-Site Parking | 20 surface parking spaces
  • Access to Route 1, Route 129, I-95, and I-93
  • Long-Term Value & Repositioning Upside

OVERVIEW

Northeast Private Client Group is pleased to present the Broadway Retail located at 144 Broadway in Saugus, MA. 144 Broadway is a freestanding, multi-tenant retail property positioned on a corner lot along U.S. Route 1 (Broadway) within the highly trafficked Saugus/Lynn retail submarket. The property contains 2,273± square feet across two stories and sits on a 0.15-acre parcel, offering frontage, visibility, and access along one of the North Shore’s primary commercial corridors. Constructed in 1935, the wood-frame building features approximately 55 feet of frontage on Broadway, a 24-foot building height, and 8-foot ceiling heights. The property is zoned Retail/Service, allowing for a wide range of commercial uses. The site includes a paved surface parking lot with approximately 20 parking spaces, providing a parking ratio of 10.0 spaces per 1,000 SF—well above market norms for comparable retail assets. The interior has been recently renovated and is currently configured for salon and service uses, making it well-suited for continued retail, office, or personal service tenancy. Located along U.S. Route 1, the area experiences traffic counts exceeding 100,000 vehicles per day, delivering exceptional exposure and signage opportunities. The property is surrounded by a dense concentration of national retailers, restaurants, and service businesses and is located approximately 9 miles north of Downtown Boston, with convenient access to Route 1, Route 129, I-95, and I-93. Logan International Airport is approximately 22 minutes away.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Retail - Service

APN/PARCEL ID

SAUG-000015E-000011-000003

ASK ABOUT THIS PROPERTY

Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

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Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

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