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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1167 Broadway , Somerville, MA 02144
$2,700,000
Est. Payment: $6,000.00/mo
0 Bed
0 Bath
4628 Sqft
Status: Active | Days on site: 23
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AN9440 - CT000887
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House 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.

Highlights

Listed by Albert Bouchie , 617-908-6775 Gibson CRE , 617-426-6901.

Property Type

Commercial Sale

Lot/Acreage
0.11

Year Built

1910

County

Middlesex

Listing ID

73567686

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Principal Interest
$6,000
Taxes
$2,024

Home Price

$2,700,000

Loan Details

30 yrs
%

Down Payment

20%
$540,000
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Monthly Price:
$6,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,000.00 $2,023.58 $0.00 $8,023.58
Yearly $72,000.00 $24,283.00 $0.00 $96,283.00
Total $2,160,000.00 $728,490.00 $0.00 $2,888,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Somerville, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.