1167 Broadway, Somerville, MA 02144
- $2,700,000
- 4,628
- SqFt
- List Price
- $2,700,000
- Status
- ACTIVE
- MLS#
- 73567686
- Living Area
- 4,628
- Lot Size (Acres)
- 0.11
- Year Built
- 1910
Property Description
Presenting a prime opportunity for retail investors and developers., 1167 Broadway in Somerville, MA offers a 9,358 SF, five-unit commercial building with immense potential. Built in 1910 (Public records), this 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. Situated on a 4,910 sq ft lot and MR4 zoning it also holds promise for redevelopment, presenting a compelling chance for potential NOI growth. With its strategic positioning in the Somerville area, this property is an enticing prospect for investors seeking a lucrative addition to their commercial real estate portfolio. Situated in the Tufts-Teele Sq and Davis Sq triangle This bustling area is a magnet for retail investors and developers, with a diverse mix of local businesses, trendy restaurants, and boutique shops contributing to the dynamic commercial landscape. ,The location offers unparalleled access to Educational, cultural attractions and entertainment hotspots, making it an ideal investment opportunity. With its prime positioning and strong community appeal, 1167 Broadway presents an exciting prospect for investors seeking to tap into this coveted area. Its current zoning of MR4 allows for vertical mixed-use development which is in large demand and encouraged in this area.
/u.realgeeks.media/homeupp/CREMA_TIM_NO_LUX.png)
Additional Information
- Taxes
- $24,283
Mortgage Calculator
Listing courtesy of Listing Agent: Albert Bouchie from Listing Office: .
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.