MA
Middlesex
Somerville
02144
1167-1197 Broadway
1167-1197 Broadway, Somerville, MA 02144
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Listing Type
Commercial/Industrial
Listing Status
Active
7
$2,700,000

Home Details for 1167-1197 Broadway

Price
$2,700,000
Type
Commercial Sale
Square feet
4628
Year built
1910
Lot size acres
0.11
County
Middlesex
MLS Listing#
73567686
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.

Property Features
  • Water Features
    • Public
Listing Courtesy: Gibson CRE - 617-426-6901
Presented by: Albert Bouchie
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT BAYSIDE REALTY
1827 Dorchester Avenue, Boston, MA 02124
Office
617 265 6111
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