Turnkey Retail Storefront with
For Lease
$6,500/Mo
318 Somerville, Somerville, MA 02143
Recently renovated retail storefront with central heating/air and upgraded electric service with two meters.
Space SizeContact for details
Days on Market214
Property Features for 318 Somerville
General Information
Standard status
Active
Building Details
Year Built
9999
Listing Agency:
Century 21 North East
Listed By:
Clifton Verdieu
(781) 878-2478
Source:
Trufantre
Added: Feb 3
Changed: Sep 4
Last Checked: Sep 4 at 10:01AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Recently renovated retail storefront offering 1,107 sq. ft. of turnkey space. The unit includes central heating and air conditioning for year-round comfort, along with an upgraded electrical system featuring two separate meters for added flexibility.
Located at 318 Somerville, MA 02143 near the Union Sq and Gilman Sq MBTA Green Line stations, the property provides convenient access to public transportation. The space is secured and vacant, with lockbox access, and is ready for immediate occupancy.
Located at 318 Somerville, MA 02143 near the Union Sq and Gilman Sq MBTA Green Line stations, the property provides convenient access to public transportation. The space is secured and vacant, with lockbox access, and is ready for immediate occupancy.
Key Highlights
- Recently renovated commercial retail space totaling 1,107 sq. ft.
- Central heating and air conditioning for year‑round comfort.
- Upgraded electrical service with two separate meters.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$10.57 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,606
Businesses Nearby
214k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Superstores 35%
Dining 14%
Shops & Services 9%
Target
Superstores
74,182 visits/mo
0.4 miles
Market Basket
Groceries
72,973 visits/mo
0.2 miles
Burger King
Dining
21,589 visits/mo
0.4 miles
Whole Foods Market
Groceries
18,016 visits/mo
0.4 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
Market
Lease Benchmarks for Somerville, MA
$51.69 /SF/Yr
Avg Asking Price
$45–$70.46 /SF/Yr
Price Range
2,347 SF
Avg Space Size
This space is priced 36% above the average of $51.69 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail storefront with central heating/air and upgraded electric service with two meters.
Where is this retail space located?
The property is located at 318 Somerville Somerville, MA.
What is the lease rate?
The lease rate is $6,500/Mo.
What are key features of this property?
This property features: Recently renovated commercial retail space totaling 1,107 sq. ft.; Central heating and air conditioning for year‑round comfort.; Upgraded electrical service with two separate meters.
