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    121 Washington St, Unit 1 Somerville, MA 02143

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    For Sale
    $1,250,000

    Newly constructed retail space in a luxury boutique building.

    Property Features for 121 Washington St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2023

    Source: ABG Realty Agent Clare Thompson

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

    Overview

    New Retail Space in Somerville

    This is a newly constructed 2,538 sq. ft. ground-floor retail space located in Somerville. The commercial unit is situated within a luxury boutique building and combines modern architectural design with industrial flair. It is suitable for retailers or professional service providers seeking a high-visibility location. Positioned between Union Square and East Somerville, the space benefits from foot traffic, transit access, and proximity to an established residential base, including five upscale residential units above. The location provides access to Union Square’s retail, dining, and entertainment ecosystem, with nearby public transit connections including the Green Line Extension and multiple bus routes.
    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 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
    -71.0873579
    Latitude
    42.3812189

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    FAQs

    What type of property is this?
    Retail space - Newly constructed retail space in a luxury boutique building.
    Where is this retail space located?
    The property is located at 121 Washington St, Unit 1 Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Newly constructed 2,538 sq. ft. ground-floor retail space.; - Located in a luxury boutique building in a vibrant Somerville neighborhood.; - High-visibility location between Union Square and East Somerville with strong foot traffic.
    (617) 492-9900
    Request Owner's contact information
    121 Washington St, Unit 1 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
    121 Washington St, Unit 1 Somerville, MA 02143
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