ADA-Compliant Retail Condo
14-199 Boston St Somerville, MA 02143
For Sale
$513,100
Own a first-floor retail condo with central HVAC and ADA compliance, plus a full basement for added back-of-house utility.
Property Size1,280 SF
Price / SF$400.86
Days on Market92
Property Features for 14-199 Boston St
General Information
- Standard status
- Active
- Size
- 1,280 SF
Listing Agency:
Century 21 Shawmut Properties
(617) 787-2121
Listed By:
Mike Brasco
(617) 787-2121
Source:
Exprealty
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 25 at 11:38AM
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 Century 21 Shawmut Properties
Investment Insights
Based on property information with market context.
This offering is a retail condo unit designed for street-level retail use, located on the first floor. The space includes central HVAC and is ADA compliant. A full basement is included, providing practical additional area that can support storage and operational needs.
The unit is part of a retail property at 14-199 Boston St in Somerville, Massachusetts. As a condo opportunity, it is positioned for occupiers and owner-users looking for a defined retail tenancy footprint rather than a leased space.
The layout and amenities make the unit a workable fit for a range of retail and service concepts. The property is marketed as suitable for uses such as an eatery, beauty care, package goods, specialty retail, and professional use, subject to applicable approvals. For buyers evaluating ownership versus renting, the combination of first-floor convenience, central heating and cooling, and a full basement can help streamline day-to-day operations for many neighborhood-oriented businesses.
The unit is part of a retail property at 14-199 Boston St in Somerville, Massachusetts. As a condo opportunity, it is positioned for occupiers and owner-users looking for a defined retail tenancy footprint rather than a leased space.
The layout and amenities make the unit a workable fit for a range of retail and service concepts. The property is marketed as suitable for uses such as an eatery, beauty care, package goods, specialty retail, and professional use, subject to applicable approvals. For buyers evaluating ownership versus renting, the combination of first-floor convenience, central heating and cooling, and a full basement can help streamline day-to-day operations for many neighborhood-oriented businesses.
Key Highlights
- 1st‑floor retail condo unit with central HVAC
- Approx. 1,280 SF (±) retail space
- ADA compliant unit
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 | $28.1k | $21.96 |
| − Vacancy | −$1.8k | −$1.43 |
| EGI | $26.3k | $20.53 |
| − OpEx | −$7.9k | −$6.16 |
| NOI | $18.4k | $14.37 |
1,280 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$262.8K
$230.0K – $306.6K
NOI $18,397 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.8K
$663.0K – $884.1K
NOI $53,043 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Own a first-floor retail condo with central HVAC and ADA compliance, plus a full basement for added back-of-house utility.
Where is this retail space located?
The property is located at 14-199 Boston St Somerville, MA.
What is the asking price?
The asking price for this property is $513,100.
What are key features of this property?
This property features: 1st‑floor retail condo unit with central HVAC; Approx. 1,280 SF (±) retail space; ADA compliant unit
