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    494 Medford St Somerville, MA 02145

    For Sale
    $399,900

    Commercial Sale - Somerville, MA

    Days on Market:
    141
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 494 Medford St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    0000
    APN
    753360

    Building Details

    Year built
    2025
    Architectural style
    Other

    Keller Williams Realty Boston Northwest (978) 369-5775 [email protected]

    Listing agent Santana Team (978) 369-5775

    Listing date Jul 28, 2025

    MLS# 73410352 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Magoun Square Commercial Space

    This commercial space is available for sale in a prime Magoun Square location. The property offers street-front access and features two levels of space with high ceilings. It is located within walking distance of the new Green Line Extension on Lowell Street and provides access to major routes. Ample street parking is available. The space is suitable for retail, office, or other commercial uses, presenting an opportunity to join Somerville's shopping and entertainment venues.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.103248
    Latitude
    42.395734

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    FAQs

    What type of property is this?
    Retail space - Retail/office space in a high-visibility Somerville location near Green Line.
    Where is this retail space located?
    The property is located at 494 Medford St Somerville, MA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Prime Magoun Square location with high visibility.; - Street front access.; - Two levels of space with great ceiling height.
    (978) 369-5775
    Request Owner's contact information
    494 Medford St Somerville, MA 02145
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    Somerville, MA 02145
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    494 Medford St Somerville, MA 02145
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