Corner Lot Retail
144 Broadway Saugus, MA 01906
For Sale
$695,000
Freestanding, multi-tenant retail building on a corner lot with Broadway frontage and on-site paved parking.
Property Size2,273 SF
Lot Size0.15 Acres
Price / SF$305.76
Days on Market150
Property Features for 144 Broadway
General Information
Standard status
Active
Size
2,273 SF
Lot size
0.15 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1935
Listing Agency:
Northeast Private Client Group,LLC
Listed By:
Francis Saenz
(781) 645-0505
Source:
Yourhomeforsale
Added: Mar 1
Changed: Jul 28
Last Checked: Jul 28 at 10:38AM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
144 Broadway is a freestanding, multi-tenant retail property on a corner lot with frontage along U.S. Route 1 (Broadway). The wood-frame building was constructed in 1935 and contains approximately 2,273 square feet across two stories.
The site offers about 55 feet of frontage on Broadway and features about 8-foot ceiling heights. A paved parking lot with approximately 20 parking spaces supports customer access, and the property is positioned within the Saugus/Lynn retail submarket.
The building is zoned Retail/Service, which allows for a range of commercial uses consistent with the property’s existing retail configuration.
The site offers about 55 feet of frontage on Broadway and features about 8-foot ceiling heights. A paved parking lot with approximately 20 parking spaces supports customer access, and the property is positioned within the Saugus/Lynn retail submarket.
The building is zoned Retail/Service, which allows for a range of commercial uses consistent with the property’s existing retail configuration.
Key Highlights
- Freestanding, multi‑tenant retail building at 144 Broadway on a corner lot along U.S. Route 1 in Saugus, MA
- 2,273± SF across two stories, set on a 0.15‑acre parcel
- ~55 ft of frontage on Broadway and ~24 ft building height with 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 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,193 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Daytwentysix Events — 5 Broadway, Saugus, MA 01906
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding, multi-tenant retail building on a corner lot with Broadway frontage and on-site paved parking.
Where is this storefront property located?
The property is located at 144 Broadway Saugus, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Freestanding, multi‑tenant retail building at 144 Broadway on a corner lot along U.S. Route 1 in Saugus, MA; 2,273± SF across two stories, set on a 0.15‑acre parcel; ~55 ft of frontage on Broadway and ~24 ft building height with 8‑ft ceiling heights
