Corner-Lot Retail
144 Broadway Saugus, MA 01906
For Sale
$725,000
Freestanding, two-story retail building with Broadway frontage and on-site parking for customer convenience.
Property Size2,273 SF
Lot Size0.15 Acres
Price / SF$318.96
Days on Market48
Property Features for 144 Broadway
General Information
- Standard status
- Active
- Size
- 2,273 SF
- Lot size
- 0.15 Acres
Building Details
- Year Built
- 1935
Listing Agency:
Northeast Private Client Group, LLC
Listed By:
Francis G Saenz
Source:
413realestate
Added: Jun 6
Changed: Jul 10
Last Checked: Jul 23 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northeast Private Client Group, LLC
Investment Insights
Based on property information with market context.
Northeast Private Client Group presents the Broadway Retail at 144 Broadway in Saugus, Massachusetts. The property is a freestanding, multi-tenant retail building located on a corner lot and built in 1935. It totals 2,273± square feet across two stories, with approximately 8-foot ceiling heights. The wood-frame construction sits about 24 feet high and includes roughly 55 feet of frontage along Broadway.
144 Broadway is positioned on a corner lot along U.S. Route 1 (Broadway) in the Saugus/Lynn retail submarket. The location is described as being within a highly trafficked retail corridor, supporting strong visibility for storefront-facing businesses. The site provides paved surface parking with approximately 20 parking spaces, which is listed as a 10.0 spaces per 1,000 SF parking ratio.
Zoned Retail/Service, the property is intended to support a wide range of commercial uses consistent with the zoning designation. With prominent frontage, two-story space, and on-site parking, the Broadway Retail is well suited for retail operators seeking a freestanding, street-facing presence on a primary North Shore corridor.
144 Broadway is positioned on a corner lot along U.S. Route 1 (Broadway) in the Saugus/Lynn retail submarket. The location is described as being within a highly trafficked retail corridor, supporting strong visibility for storefront-facing businesses. The site provides paved surface parking with approximately 20 parking spaces, which is listed as a 10.0 spaces per 1,000 SF parking ratio.
Zoned Retail/Service, the property is intended to support a wide range of commercial uses consistent with the zoning designation. With prominent frontage, two-story space, and on-site parking, the Broadway Retail is well suited for retail operators seeking a freestanding, street-facing presence on a primary North Shore corridor.
Key Highlights
- Freestanding, two‑story retail building at 144 Broadway (US Route 1) in Saugus, MA
- 2,273± SF total area across two stories on a 0.15‑acre corner lot
- Approx. 55 ft of frontage on Broadway with 24 ft building height and 8 ft ceiling heights
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.6k | $24.00 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $53.4k | $23.47 |
| − OpEx | −$16.0k | −$7.04 |
| NOI | $37.3k | $16.43 |
2,273 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,193 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bella Brazil Beauty ...
Hair Salon
Monica Nail Studio
Nail Salon
Broadway Beauty Bar
Hair Salon
Lashed by Lucia
Hair Salon
Fresh Face Rx
Spa & Massage Center
FAQs
What type of property is this?
Retail space - Freestanding, two-story retail building with Broadway frontage and on-site parking for customer convenience.
Where is this retail space located?
The property is located at 144 Broadway Saugus, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Freestanding, two‑story retail building at 144 Broadway (US Route 1) in Saugus, MA; 2,273± SF total area across two stories on a 0.15‑acre corner lot; Approx. 55 ft of frontage on Broadway with 24 ft building height and 8 ft ceiling heights
