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    113 Washington St Somerville, MA 02143

    Sponsored
    For Sale
    $850,000

    Iconic diner, prime location, motivated seller.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This unique investment opportunity presents the chance to own Buddy's Diner, a piece of Somerville history. Built in 1929 as a Worcester Lunch Car (WLN No. 624), this vintage diner originally operated in Leominster as Sawin's Diner before relocating to its current Somerville address in the early 1950s. For nearly a century, Buddy's has served the community, building a loyal customer base. Currently closed due to a sewage pipe issue, the diner is being sold "as is," reflecting the seller's strong motivation to find a new owner. The 0.02-acre property boasts a fantastic location, just a two-minute walk from the new East Somerville Green Line extension, ensuring high foot traffic and accessibility. This prime location, combined with the diner's established history and loyal following, presents a rare opportunity for an entrepreneur seeking a one-of-a-kind business venture. The property's rich history and potential for revitalization make it a truly exceptional investment. The asking price is $850,000. This is a chance to acquire a beloved Somerville landmark and capitalize on its considerable potential. Serious inquiries only.

    Property Features for 113 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    871 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Buddy's Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -71.0869
    Latitude
    42.38134

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic diner, prime location, motivated seller.
    Where is this commercial real estate located?
    The property is located at 113 Washington St Somerville, MA.
    What is the asking price?
    The asking price for this property is $850,000.
    (617) 389-1129
    Request Owner's contact information
    113 Washington St Somerville, MA 02143
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    Somerville, MA 02143
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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
    113 Washington St Somerville, MA 02143
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