237 Highland Ave - Storefront Retail/Residential FOR SALE


Somerville, MA 02143- Powder House Square
$2,475,000 USD
781-929-1505
237 Highland Ave, Somerville, MA for Sale
$2,475,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | 6.19% Cap Rate

237 Highland Ave
Somerville, MA 02143
Powder House Square


OVERVIEW

237 Highland Avenue — mixed-use investment in Somerville’s desirable Spring Hill neighborhood, minutes from Davis Square and Porter Square. 8,176 SF (gross) building, two street-level commercial storefronts (currently leased to a nail salon and tailor), four residential units (2 one-bedrooms, 1 studio, 1 four-bedroom). Residential units leased through August 2027. Easy access to I-93, Boston, Cambridge, and public transportation — an attractive, income-producing opportunity for investors in one of Somerville’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,354 SF

ZONING

MR3

APN/PARCEL ID

SOME-000034-E000000-000045

ASK ABOUT THIS PROPERTY

Jay NajarianBenoit Real Estate GroupMore Info
781-929-1505

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

Jay NajarianBenoit Real Estate GroupMore Info
781-929-1505

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