Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    50 Prospect St Somerville, MA 02143

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail and restaurant spaces in Union Square, Somerville.

    Property size:
    2,465 SF
    Lot size:
    2.02 Acres

    Property Features for 50 Prospect St

    General Information

    Size
    2,465 SF
    Lot size
    2.02 Acres

    Source: Graffito Agent Jesse Baerkahn

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

    Overview

    New Retail Space in Somerville

    Located at 50 Prospect Street in Somerville, MA, this property offers new retail and restaurant spaces as part of the Union Square (USQ) transit-oriented development. The USQ development encompasses 2.4 million square feet and is adjacent to the new MBTA Green Line Station. The available retail spaces are situated within a four-acre parcel at the heart of the neighborhood. The new development includes 710,000 square feet of space, featuring two buildings with 194,000 square feet of lab and innovation space, 450 apartment units, and 271 parking spaces. The five retail spaces, totaling 2465 square feet, can be further divided to create smaller premises suitable for various retail and restaurant uses. All retail spaces are adjacent to the new Station Plaza, an 18,000 square foot public space that connects Union Square Plaza with the new MBTA Station and Bennett Court.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MBTA Union Square ... Transportation Service Union Square Station ... Parking Lot For Bicycles Prospect Union Square Apartment Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0947781
    Latitude
    42.3776633

    Nearby Similar for Lease

    • Contact for pricing
      30,590 SF

      Class A Office Space Available

      126,000 SF office space for lease in Somerville, MA.
      455 Grand Union Blvd, Somerville, MA 02143
      View Details
    • $5,500 /Mo
      1,000 SF

      Union Square Retail/Office Space

      High-visibility, renovated retail/office space with excellent foot traffic.
      322 Somerville Ave, Somerville, MA 02143
      View Details
    • $10,000 /Mo
      2,500 SF

      Union Square Commercial Space Available

      Versatile 2,500 sqft commercial space in Union Square, Somerville.
      31 Union Sq, Somerville, MA 02143
      View Details
    • $7,500 /Mo
      1,107 SF

      Retail Space Near Union Square

      Two separate retail units near MBTA Green Line stops.
      318 Somerville Ave, Somerville, MA 02143
      View Details
    • $55 SF/Yr
      722 SF

      Davis Square Second-Floor Office Suites

      Three office suites for lease in Somerville's commercial hub.
      377 Summer St, Somerville, MA 02144
      View Details
    • $55 SF/Yr
      1,082 SF

      Davis Square Second-Floor Office Suites

      Three office suites available in Somerville's vibrant Davis Square.
      377 Summer St, Somerville, MA 02144
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail and restaurant spaces in Union Square, Somerville.
    Where is this retail space located?
    The property is located at 50 Prospect St Somerville, MA.
    What are key features of this property?
    This property features: - Directly adjacent to the new MBTA Green Line Station.; - Part of the large-scale USQ transit-oriented development.; - Newly constructed retail and restaurant space available.
    (617) 669-6171
    Request Owner's contact information
    50 Prospect St Somerville, MA 02143
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 Prospect St
    Somerville, MA 02143
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    50 Prospect St Somerville, MA 02143
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.