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    Somerville, MA

    Somerville, MA Commercial Real Estate for Sale

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    Mixed-Use Retail and Residential Building
    Updated: Apr 30
    Mixed-Use Retail and Residential Building

    237 Highland Avenue, Somerville, MA 02143

    $2,475,000
    6,020 sqft
    Mixed‑use building with 2 street‑level commercial storefronts plus 4 residential units
    Commercial storefronts are currently leased to a nail salon and a tailor
    Residential unit mix: two 1‑bedroom apartments, one studio, and one 4‑bedroom apartment
    Total building area of 8,176 SF (gross area)
    All residential units are leased through August 2027 for long‑term rental stability
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    This listing looks promising.

    Here's a quick look at some key insights for

    237 Highland Avenue, Somerville, MA 02143

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $127K
      Annual

    • Mortgage

      $1.08M
      Aug 2016

    • Last Sold

      Aug 2016
      $1.44M

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1900
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    Mixed-Use Quadplex with Garage
    Updated: Jul 15
    Mixed-Use Quadplex with Garage

    148 Pearl, Somerville, MA 02145

    $1,599,000
    3,115 sqft
    3,115 SF mixed‑use quadplex built in 1910
    Three residential units, each with 3 bedrooms and 1 bath
    One commercial unit with a large attached garage
    6 off‑street parking spaces located behind the building
    Updated systems throughout
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    Two-Building Apartment Opportunity
    Two-Building Apartment Opportunity

    43-45 Cross Street, Somerville, MA 02145

    $2,100,000
    0.19 AC lot

    Two parcels with dedicated parking and redevelopment potential under Somerville zoning.

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    Ground-Floor Retail Condominium
    Ground-Floor Retail Condominium

    71 Bow St, Somerville, MA 02143

    $1,049,000
    1,715 sqft

    New retail condo delivered in shell condition with strong street-facing presence for flexible tenant buildout.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    55 Elm St, Somerville, MA 02144

    $3,900,000
    6,290 sqft

    Mixed-use building with two retail storefronts and three multifamily units, plus driveway and yard.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    300 Somerville Avenue, Somerville, MA 02143

    $8,500,000
    14,523 sqft

    For-sale apartment building offering residential income potential in Somerville, MA.

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    Ground-Floor Retail Condominium
    Ground-Floor Retail Condominium

    71 Bow Street, Somerville, MA 02143

    $1,049,000
    1,715 sqft

    Newly constructed ground-floor retail condo delivered in shell condition with street-facing frontage.

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    Somerville Mixed-Use Building For Sale
    Somerville Mixed-Use Building For Sale

    148 Pearl, Somerville, MA 02145

    $1,599,000
    3,115 sqft

    Mixed-use building with three residential units and one commercial unit.

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    Second-Floor Office Suite
    Second-Floor Office Suite

    33 1/2 Union # 2, Somerville, MA 02143

    Contact for pricing
    7,000 sqft

    Expansive second-floor office with circular layout, multiple rooms, high ceilings, kitchenette, and two bathrooms.

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    Second-Floor Office Suites with Elevator
    Second-Floor Office Suites with Elevator

    377 Summer St, Somerville, MA 02144

    Contact for pricing
    3,387 sqft

    Three second-floor office suites with elevator access and natural light, served by shared restrooms and a janitor’s closet.

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    Second-Floor Office Suite with Elevator
    Second-Floor Office Suite with Elevator

    377 Summer St # 3, Somerville, MA 02144

    Contact for pricing
    1,082 sqft

    Second-floor suite with elevator access and natural light, within a shared lobby and common restroom facilities.

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    Windowed Office Unit
    Windowed Office Unit

    1310 Broadway # 202, Somerville, MA 02144

    Contact for pricing
    1,500 sqft

    Flexible commercial suite with private workrooms, a kitchen, shared restrooms, and off-street parking.

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    Second-Floor Office Suites
    Second-Floor Office Suites

    377 Summer St # 1, Somerville, MA 02144

    Contact for pricing
    1,583 sqft

    Three second-floor office suites with natural light, elevator access, and shared restrooms in a multi-suite building.

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    Two-Suite Flex Space
    Two-Suite Flex Space

    362-376 Mystic Ave, Somerville, MA 02145

    Contact for pricing
    1,500 sqft

    Built in 2024, the space supports customizable commercial, retail, service, or professional office configurations.

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    Open-Concept Creative Studio Space
    Open-Concept Creative Studio Space

    31 Union Sq, Somerville, MA 02143

    Contact for pricing
    2,500 sqft

    Versatile open layout with high ceilings, large windows, private offices, and a kitchenette—set up for multiple business uses.

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    Freestanding Retail Building
    Freestanding Retail Building

    299 Broadway, Somerville, MA 02145

    Contact for pricing
    28,509 sqft

    Freestanding retail building offers main space plus basement and potential for subdivision.

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    Freestanding Retail Property
    Freestanding Retail Property

    77 Holland St, Somerville, MA 02144

    Contact for pricing
    3,662 sqft

    Freestanding retail building offering flexibility to create smaller suites for tenant use.

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    Somerville Retail Space Opportunity
    Somerville Retail Space Opportunity

    1060 Broadway Street, Somerville, MA 02144

    Contact for pricing
    1,670 sqft

    Commercial space in mixed-use building with public and private outdoor spaces.

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    Mixed-Use Development Property
    Mixed-Use Development Property

    43 Cross Street, Somerville, MA 02145

    $3,300,000
    3,221 sqft

    Mixed-use building on two lots with 10 dedicated parking spaces, sold with 45 Cross Street.

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    Union Square Thai Restaurant
    Union Square Thai Restaurant

    93 Beacon, Somerville, MA 02143

    $125,000
    0.06 AC lot

    Cozy Thai restaurant in Union Square, Somerville. Turnkey opportunity.

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    Innovative Office Space in Somerville
    Innovative Office Space in Somerville

    561 Windsor St |, Somerville, MA 02143

    Contact for pricing
    95 sqft

    Office space available in mixed-use development near Kendall Square.

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    Union Square Office Space Available
    Union Square Office Space Available

    66 Union Square, Somerville, MA 02143

    Contact for pricing
    26,000 sqft

    Class B office building with private offices and roof deck.

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    New Retail Condo in Union Square
    New Retail Condo in Union Square

    65-71 Bow St, Somerville, MA

    Contact for pricing
    1,715 sqft 0.25 AC lot

    New 1,715 SF retail condo in a mixed-use development.

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    Office/Flex Space Available
    Office/Flex Space Available

    22 Mcgrath Hwy |, Somerville, MA 02143

    Contact for pricing
    285 sqft

    17,101 - 32,776 SF of office/flex space for lease.

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    Somerville, MA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Somerville, MA, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 180,478 square feet of properties for sale, with an estimated market value of $46,846,000.

    Sale prices for business properties in Somerville, MA start at $125,000, averaging $3,123,066, and reaching up to $9,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 78K
    Population Growth (5Y) -0.3%
    Median Household Income $128,262

    High-Yield Neighborhoods for Investment

    Identify Somerville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02144 $1.7M
    02143 $1.9M
    02145 $3.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.74%
    Property Tax per SF $8.73 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Somerville fall within the 25,000 to 50,000 square foot range.

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