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    1060 Broadway St Somerville, MA 02144

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    For Sale
    Contact for pricing

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

    Property size:
    1,670 SF

    Property Features for 1060 Broadway St

    General Information

    Size
    1,670 SF

    Source: Joe Wagner Agent Joe Wagner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerville Retail Space Opportunity

    Located at 1060 Broadway Street in Somerville, this commercial space offers a blend of art, utility, and commerce. The available space, totaling 1,670 square feet, is situated on the ground level of the CALA project, a mixed-use building that transformed a former elementary school into a modern complex. The CALA project, designed by Sebastian Mariscal, includes over 50 residential units and 22,000 square feet of commercial space. This location is positioned between Teele Square, Davis Square, and Tufts, offering access to a wide customer base. The space is suitable for a business owner seeking to enter the Somerville market, with the added benefit of access to both public and private outdoor areas.
    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
    -71.1218
    Latitude
    42.4009

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    FAQs

    What type of property is this?
    Retail space - Commercial space in mixed-use building with public and private outdoor spaces.
    Where is this retail space located?
    The property is located at 1060 Broadway St Somerville, MA.
    What are key features of this property?
    This property features: - Located in Somerville between Teele, Davis, and Powder House Squares.; - 1,670 SF commercial space.; - Part of the CALA mixed-use project.
    (617) 850-9675
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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
    1060 Broadway St Somerville, MA 02144
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