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Somerville Retail Investment Opportunity

163-179 Washington St, Somerville, MA 02143

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For Sale

$2,900,000

Fully occupied retail asset in high-visibility Somerville location for sale.

Type:Commercial

Property size:

10,848 SF

Lot size:

0.18 Acres

Price / SF:

$267/SF

HighLights

Fully occupied, multi‑tenant retail asset providing stabilized income.
High‑visibility corner location on well‑traveled Washington Street.
Located in the Union Square area, close to Union Square Station (Green Line).
MR5 zoning offers future repositioning or redevelopment potential.
Total building area of 10,848 SF on a 7,683 SF lot.
Prominent corridor presence in Somerville.

We can help!

Listing Contact

The Toland Team

Learn more

For Sale

$2,900,000

Fully occupied retail asset in high-visibility Somerville location for sale.

Type:Commercial

Property size:

10,848 SF

Lot size:

0.18 Acres

Price / SF:

$267/SF

Added:: Apr 25, 2026
Days on Market:: 49
Last Refresh:: Apr 25 at 6:19 am

Property Features for 163-179 Washington St

General Information

Standard status: Active
Size: 10,848 SF
Lot size: 0.18 Acres
Property subtype: Commercial

Building Details

Year Built: 1890

We can help!

Listing Contact

The Toland Team

Listing agent The Toland Team

Listing office Berkshire Hathaway HomeServices Commonwealth Real Estate

Listing date Apr 25, 2026

Source Liongatere

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 Berkshire Hathaway HomeServices Commonwealth Real Estate

HighLights

Fully occupied, multi‑tenant retail asset providing stabilized income.
High‑visibility corner location on well‑traveled Washington Street.
Located in the Union Square area, close to Union Square Station (Green Line).
MR5 zoning offers future repositioning or redevelopment potential.
Total building area of 10,848 SF on a 7,683 SF lot.
Prominent corridor presence in Somerville.

Overview

Located at 163-179 Washington St in Somerville, this multi-tenant retail asset is offered for sale. The property is fully occupied and features four street-level storefronts situated on a high-visibility corner along Washington Street. The building has a gross area of 10,848 square feet and is located on a 7,683 square foot lot. The property is located in the Union Square area, approximately 0.4 miles from Union Square Station (Green Line) and 0.6 miles from Twin City Plaza, with Assembly Square about 1.8 miles away. The site is within the City's MR5 zoning district, which may provide long-term optionality for investors considering future repositioning or redevelopment, subject to buyer due diligence and required approvals. This property offers a chance to secure stabilized storefront occupancy and a prominent corridor presence in Somerville.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$238.2k	$21.96
− Vacancy	−$15.5k	−$1.43
EGI	$222.7k	$20.53
− OpEx	−$66.8k	−$6.16
NOI	$155.9k	$14.37

10,848 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,916 @ 7.0% cap · market cap 5.38%

Second Best

—

no second resolved use

Theoretical Best

Office A

$6.42M

$5.62M – $7.49M (±1% cap)

NOI $449,538 @ 7.0% cap · market cap 15.50%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Rouvalis Flowers & Gardens - Studio — 5 Crescent St, Charlestown, MA 02129
Petals In Paradise — 133B Broadway, Somerville, MA 02145
Rococo Floral — 231 Somerville Ave, Somerville, MA 02143
Whimsy Floral Studio — 550 Cambridge St, Cambridge, MA 02141

Location Insight

Map
Local Demand

City: Somerville
County: Middlesex
State: Massachusetts
Longitude: -71.0904269
Latitude: 42.3802067

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For sale
Storefront properties
MA
Somerville
02143
163-179 Washington St

What type of property is this?

Storefront property - Fully occupied retail asset in high-visibility Somerville location for sale.

Where is this storefront property located?

The property is located at 163-179 Washington St Somerville, MA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Fully occupied, multi‑tenant retail asset providing stabilized income.; **High‑visibility corner location** on well‑traveled Washington Street.; Located in the Union Square area, close to Union Square Station (Green Line).