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1167 Broadway 2,452 SF Vacant Office Building Somerville, MA 02144 $2,700,000 ($1,101.14/SF)
Investment Highlights
- Total 9,358 SF commercial building (including useable Lower Level)
- 5 street level units, ideal for retail or office use
- Zoned MR4 with versatile development options
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
2,452 SF
Building Class
C
Year Built/Renovated
1910/1982
Price
$2,700,000
Price Per SF
$1,101.14
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,452 SF
Building FAR
0.51
Lot Size
0.11 AC
Zoning
MR4 - Business. Redevelopment potential
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Some build out may be required
Some build out may be required
Some build out may be required
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 375 SF | Office | Partial Build-Out | Now |
| 1st Floor | 1,454 SF | Office | Partial Build-Out | Now |
| 1st Floor | 623 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 375 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,454 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 623 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 375 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Some build out may be required
1st Floor
| Size | 1,454 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Some build out may be required
1st Floor
| Size | 623 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Some build out may be required
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | SOME-000008-D000000-000009 | Improvements Assessment | $712,900 |
| Land Assessment | $542,200 | Total Assessment | $1,255,100 |
Property Taxes
Parcel Number
SOME-000008-D000000-000009
Land Assessment
$542,200
Improvements Assessment
$712,900
Total Assessment
$1,255,100
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