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    Somerville, MA
    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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    Two-Suite Flex Space
    Updated: Aug 15
    Two-Suite Flex Space

    362-376 Mystic Ave, Somerville, MA 02145

    Contact for pricing
    1,500 sqft
    1,500 SF flex space built in 2024
    Current build‑out allows interior customization
    Can be configured as one space or divided into two suites
    Each suite has its own private entrance
    Minutes from Sullivan Square Station in Somerville
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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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Flex Space with Drive-In Doors
    Flex Space with Drive-In Doors

    40 Lake St, Somerville, MA 02143

    Contact for pricing
    24,657 sqft 0.69 AC lot

    Flex space featuring two drive-in doors and flexible buildout options.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 5 Active listings in Somerville, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Flex Space with Redevelopment Potential
    Flex Space with Redevelopment Potential

    11-11 Commercial St, Medford, MA 02155

    $2,295,000
    6,050 sqft

    Commercial property combining an existing building with a substantial land component and access to major roadways.

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    Flex Space with Office and Garage
    Flex Space with Office and Garage

    175 Mystic Ave, Medford, MA 02155

    $3,500,000
    0.46 AC lot

    Two concrete block buildings provide adaptable commercial space with office and garage areas.

    View details
    Multi-Use Flex Industrial Building
    Multi-Use Flex Industrial Building

    220 Broadway, Everett, MA 02149

    Contact for pricing
    21,204 sqft 0.65 AC lot

    Two-story building offers 7,068 SF per floor for retail, showroom, industrial, manufacturing, flex, or redevelopment use.

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    Industrial Flex Building with Gated Parking
    Industrial Flex Building with Gated Parking

    85 Ferry Street, Everett, MA 02149

    Contact for pricing

    Industrial flex building with a large warehouse/garage, office, and gated parking lot with remote access and shower bathroom.

    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.

    View details
    Industrial Land with Approved Plans
    Industrial Land with Approved Plans

    Hill Street lot: 3B, Norton, MA 02766

    $999,000
    3.71 AC lot

    Cleared site offers Hill Street frontage and nearby electric, gas, and public water.

    View details

    Somerville, MA Flex Space Market Trends and Statistics

    Explore 5 flex space for sale in Somerville, MA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 51,118 square feet of properties for sale, with an estimated market value of $9,000,000.

    Sale prices for business spaces in Somerville, MA average $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 14
    Manufacturing properties 2
    Distribution centers 1

    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)

    Average Property Price per SF

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

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