Freestanding Retail on Route
144 Broadway Saugus, MA 01906
For Sale
Contact for pricing
Freestanding retail asset with 20 on-site parking spaces and substantial roadway frontage on Route 1 and Broadway.
Property Size1,517 SF
Price / SF$494.40
Days on Market71
Property Features for 144 Broadway
General Information
Standard status
Active
Size
1,517 SF
Property subtype
RETAIL
Listing Agency:
Northeast Private Client Group | Greater Boston
(857) 990-6803
Listed By:
Anthony Rakauskas · License #9552789
(781) 417-9759
Source:
Moodyscre
Added: May 20
Changed: Jul 26
Last Checked: Jul 28 at 3:36PM
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 | Greater Boston
Investment Insights
Based on property information with market context.
This freestanding retail asset offers dedicated frontage and an on-site parking setup designed for customer access, including 20 surface parking spaces. The property is listed for sale and is positioned for retail visibility and direct drive-up access along major corridors.
The site includes 55 feet of frontage on Broadway and is described as being on U.S. Route 1, with exposure to an estimated 100,000+ vehicles per day. Access connections are noted to Route 1, Route 129, I-95, and I-93.
For buyers evaluating a retail location with existing frontage and parking, this property provides a straightforward ground-level configuration and highway-connected accessibility.
The site includes 55 feet of frontage on Broadway and is described as being on U.S. Route 1, with exposure to an estimated 100,000+ vehicles per day. Access connections are noted to Route 1, Route 129, I-95, and I-93.
For buyers evaluating a retail location with existing frontage and parking, this property provides a straightforward ground-level configuration and highway-connected accessibility.
Key Highlights
- Freestanding retail asset on U.S. Route 1
- 55 ft of frontage on Broadway
- Roadway traffic count of 100,000+ vehicles per day
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 | $36.4k | $24.00 |
| − Vacancy | −$801 | −$0.53 |
| EGI | $35.6k | $23.47 |
| − OpEx | −$10.7k | −$7.04 |
| NOI | $24.9k | $16.43 |
1,517 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$356.1K
$311.6K – $415.4K
NOI $24,925 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.1K
$785.8K – $1.05M
NOI $62,864 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail asset with 20 on-site parking spaces and substantial roadway frontage on Route 1 and Broadway.
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 $750,000.
What are key features of this property?
This property features: Freestanding retail asset on U.S. Route 1; 55 ft of frontage on Broadway; Roadway traffic count of 100,000+ vehicles per day
