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    Flex Space

    Somerville, MA Flex Space for Sale

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    Industrial Flex Building For Sale
    Updated: May 5, 2025
    Industrial Flex Building For Sale

    40 Lake Street, Somerville, MA 02143

    $9,000,000
    24,657 sqft
    Strategic location between Union Square and Harvard Square.
    +/-24,657 square foot industrial flex building on a .69‑acre parcel.
    FAB zoning permits a diverse range of flex uses.
    Vacant property allows for immediate occupancy.
    Features two (2) drive‑in garage doors and four (4) loading areas.
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    This listing looks promising.

    Here's a quick look at some key insights for

    40 Lake Street, Somerville, MA 02143

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    • Est. Cap Rate

      2.9%
      NOI ÷ price

    • Est. NOI

      $262K
      Annual

    • Price @ 7% Cap

      $3.75M
      Suggested

    • Property Type

      Commercial Building, Mail Order, Show Room (Non-Auto)
      Built 1912
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    Somerville Flex Industrial Building
    Updated: Jan 27
    Somerville Flex Industrial Building

    40 Lake St, Somerville, MA 02143

    Contact for pricing
    24,657 sqft 0.69 AC lot
    Strategically located flex industrial building in a dynamic and evolving Somerville district, poised to be the next Kendall Square.
    Exceptional proximity to Union Square (steps away) and Harvard Square (less than one mile).
    Versatile layout suitable for investors, owner‑users, or future redevelopment.
    Located near emerging life science and mixed‑use developments, including Somernova innovation campus.
    Direct access to Route 28 and I‑93 via Somerville Avenue and Washington Street.
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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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    Flex/Industrial Space Available
    Flex/Industrial Space Available

    230 Somerville Ave |, Somerville, MA 02143

    Contact for pricing
    19 sqft

    Flex/industrial space available for lease.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Somerville, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Free-Standing Flex and Workshop
    Free-Standing Flex and Workshop

    1176 Massachusetts Ave, Boston, MA 02125

    $3,250,000
    4,000 sqft 0.15 AC lot

    A 4,000 SF free-standing building with a large workshop/flex area, 14-foot clear height, and two drive-in doors.

    View details
    Two-Level Flex Condominium
    Two-Level Flex Condominium

    1-586 Pleasant St, Watertown, MA 02472

    $1,499,000
    3,529 sqft

    Well-maintained commercial condo with a garage on the first level and an office suite above.

    View details
    Renovated Watertown Flex/Warehouse Space
    Renovated Watertown Flex/Warehouse Space

    10 Munroe Ave, Watertown, MA

    $2,650,000
    8,315 sqft 0.29 AC lot

    8,315 SF renovated flex/warehouse with modern office and functional warehouse.

    View details
    Versatile Brick and Beam Building
    Versatile Brick and Beam Building

    103 Terrace Street, Boston, MA 02120

    $2,800,000
    9,400 sqft

    Two-story building with office, showroom, and workshop space for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Industrial Land for Sale
    Industrial Land for Sale

    319 North Main St, Middleton, MA 01949

    $2,299,000
    3.38 AC lot

    3.38 acres of M1 zoned land available.

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    Norton, MA Heavy Industrial Land
    Norton, MA Heavy Industrial Land

    Hill Street lot: 3B, Norton, MA 02766

    $999,000
    3.71 AC lot

    3.71 acre heavy industrial land with expansion potential.

    View details
    Londonderry Commercial Land Opportunity
    Londonderry Commercial Land Opportunity

    524R Mammoth Rd, Londonderry, NH 03053

    $500,000
    4.53 AC lot

    4.53-acre commercial parcel with development potential in Londonderry, NH.

    View details
    Industrial-Commercial Development Land
    Industrial-Commercial Development Land

    524R Mammoth Road, Londonderry, NH 03053

    $500,000
    4.53 AC lot

    C-II zoned, level parcel with substantial frontage on NH Route 28 and town sewer available nearby off Mammoth Road.

    View details

    Somerville, MA Flex Space Market Trends and Statistics

    Explore 4 flex space for sale in Somerville, MA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 24,657 square feet of properties for sale, with an estimated market value of $9,000,000.

    Sale prices for business spaces in Somerville, MA start at $9,000,000, averaging $9,000,000, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 9
    Manufacturing properties 2

    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
    02143 $9M

    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)

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