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163-171 Washington St 5,873 SF 100% Leased Retail Building Somerville, MA 02143 $2,900,000 ($493.79/SF)
Executive Summary
Offered for sale, 163-179 Washington St in Somerville presents a fully occupied, multi-tenant retail asset with four street-level storefronts in a high-visibility corner position along well traveled Washington Street. The building totals 10,848 SF (gross area) on a 7,683 SF lot, with strong urban fundamentals. Located in the Union Square area, the property is approximately 0.4 mi to Union Square Station (Green Line) and 0.6 mi to Twin City Plaza, with Assembly Square about 1.8 mi. The site is within the City’s MR5 zoning district, supporting long-term optionality for investors evaluating future repositioning or redevelopment, subject to buyer due diligence and required approvals. A rare chance to secure stabilized storefront occupancy and prominent corridor presence in Somerville
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,873 SF
Building Class
C
Year Built
1890
Price
$2,900,000
Price Per SF
$493.79
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.18 AC
Zoning
MR5
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SOME M:93 B:F L:9 | Improvements Assessment | $599,100 |
| Land Assessment | $681,500 | Total Assessment | $1,280,600 |
Property Taxes
Parcel Number
SOME M:93 B:F L:9
Land Assessment
$681,500
Improvements Assessment
$599,100
Total Assessment
$1,280,600
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163-171 Washington St
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