Retail Property on Broadway,
For Sale
$725,000
144 Broadway, Saugus, MA 01906
Multi-tenant retail property in a high-traffic area.
Property Size2,273 SF
Lot Size0.15 Acres
Price / SF$318.96
Days on Market190
Property Features for 144 Broadway
General Information
Standard status
Active
Size
2,273 SF
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
Legal Conforming
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$12,544
Building Details
Building Size
2,273 SF
Year Built
1935
Listing Agency:
Northeast Private Client Group, LLC
(857) 990-6800
Listed By:
Francis Saenz · License #149766
(857) 990-6803
Source:
Liongatere
Added: Apr 25
Changed: Aug 8
Last Checked: Apr 25 at 6:21AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Broadway Retail property is located at 144 Broadway in Saugus, MA. This multi-tenant retail property is a freestanding, two-story building constructed in 1935. It is positioned on a corner lot along U.S. Route 1 (Broadway) in the Saugus/Lynn retail submarket. The building has a wood-frame construction and offers frontage, visibility, and access along a primary commercial corridor of the North Shore. The property contains approximately 2,273 square feet and sits on a 0.15-acre parcel. It features approximately 55 feet of frontage on Broadway and a 24-foot building height, with 8-foot ceiling heights. The property is zoned Retail/Service, allowing for a range of commercial uses. The site includes a paved surface parking lot with approximately 20 parking spaces, providing a parking ratio of 10.0 spaces per 1,000 SF.
Key Highlights
- High‑traffic location on U.S. Route 1 (Broadway) in the Saugus/Lynn retail submarket.
- Ample parking with approximately 20 spaces, a ratio of 10.0 spaces per 1,000 SF.
- Retail/Service zoning allows for a wide range of commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,346
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,920
$746.9K
Cap Rate 7%
$533,514
$533.5K
Cap Rate 9%
$414,956
$415.0K
Market Conditions
NOI Build-Up for 2,273 SF
Gross rent
$54.6K $24.00/SF
− Vacancy
−$1.2K −$0.53/SF
EGI
$53.4K $23.47/SF
− OpEx
−$16.0K −$7.04/SF
NOI
$37.3K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,920
Cap Rate 7%
$533,514
Cap Rate 9%
$414,956
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 28%
Apparel 22%
Home Improvements & Furnishings 3%
Kohl's
Apparel
36,079 visits/mo
0.3 miles
McDonald's
Dining
33,731 visits/mo
0.2 miles
Applebee's
Dining
17,753 visits/mo
0.4 miles
The Paper Store
Shops & Services
15,243 visits/mo
0.4 miles
Dunkin' Donuts
Dining
14,366 visits/mo
0.2 miles
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail property in a high-traffic area.
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: High‑traffic location on U.S. Route 1 (Broadway) in the Saugus/Lynn retail submarket.; Ample parking with approximately 20 spaces, a ratio of 10.0 spaces per 1,000 SF.; Retail/Service zoning allows for a wide range of commercial uses.
