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Corner Retail Space

153 Washington, Somerville, MA 02143

For Lease
New
$35 SF/Yr

Street-level space can accommodate one occupant or be separated into two smaller suites.

Space Size725 SF - 1,450 SF
Days on Market3

Property Features for 153 Washington

General Information

Standard status Active
Size 725 SF - 1,450 SF
Net Rentable 1,450 SF
Zoning comm

Space & Availability

Available Space 725-1,450 SF
Contiguous Space 1,450 SF
Divisible Yes
Floor Ground
Space Use Retail

Site & Location

Neighborhood Inner Belt District
Corner Location Yes

Taxes and HOA fees

Annual Taxes $9,999

Amenities

natural light
public transportation access

Building Details

Building Size 1,450 SF
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin · License MA RE-B-9510337
Source: Insightrealtygroup
Added: Nov 10 Changed: Nov 12 Last Checked: Nov 12 at 2:26PM

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 Red Tree Real Estate

Rey
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Investment Insights

Based on property information with market context.

This street-level retail suite occupies a corner building in Somerville and contains approximately 1,450 square feet. The layout can remain as one space or be split into two units of approximately 725 square feet each. The prior use was a tattoo parlor, and the space receives natural light.

The property is at 153 Washington in a commercial corridor, with access to public transportation and vehicle and pedestrian traffic. Its corner position supports signage exposure.

Key Highlights

  • Approximately 1,450 SF of street‑level retail space
  • Can be divided into two units of approximately 725 SF each
  • Corner position in a Somerville commercial corridor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Suitcase the Studio Recording Studio

Suggested Use

Top Pick Real Estate Agency Accounting Firm Clothing & Fashion Store Skin Care Clinic (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,874
Businesses Nearby
197k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 38% Shops & Services 27% Apparel 16% Dining 15%
Target Superstores
74,182 visits/mo 0.2 miles
Marshalls Apparel
25,730 visits/mo 0.4 miles
Dollar Tree Shops & Services
24,950 visits/mo 0.5 miles
Burger King Dining
21,589 visits/mo 0.1 miles
Dunkin' Donuts Dining
7,431 visits/mo 0.2 miles

Demographics for 02143, MA

26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Somerville, MA

$42.49 /SF/Yr
Avg Asking Price
$24–$70.46 /SF/Yr
Price Range
2,944 SF
Avg Space Size

This space is priced 18% below the average of $42.49 /SF/Yr.

Properties on Market for Retail space in Somerville

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Street-level space can accommodate one occupant or be separated into two smaller suites.
Where is this retail space located?
The property is located at 153 Washington Somerville, MA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Approximately 1,450 SF of street‑level retail space; Can be divided into two units of approximately 725 SF each; Corner position in a Somerville commercial corridor
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