Street-Front Retail
For Sale
$685,000
682 Broadway, Chelsea, MA 02150
Street-front retail/service space with large display windows, customer-facing counter area, restroom, kitchenette, and rear support space.
Property Size2,000 SF
Price / SF$342.50
Days on Market125
Property Features for 682 Broadway
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
R3
Lease Type
Gross
Net Operating Income
$23,483
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,617
Building Details
Building Size
2,000 SF
Year Built
1920
Listing Agency:
ERA Key Realty Services
(978) 658-8288
Listed By:
Team Blue
(978) 608-9789
Source:
Churchillprop
Added: Jun 18
Changed: Oct 6
Last Checked: Oct 19 at 5:11AM
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 ERA Key Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-front commercial property is configured for retail or service use and features large display windows, signage visibility, and customer-facing counter space. The layout includes rear support areas, a restroom and kitchenette, along with basement/storage space.
The building provides direct access from Broadway and rear off-street parking accessible through a shared covered drive-through between 682 and 688 Broadway. The public remarks also note proximity to public transportation and Route 1/Tobin Bridge access, with walkScore of 81 and transitScore of 61.
The property is currently occupied with income in place and may appeal to investors or owner-users seeking a visible urban retail/service storefront. Adjacent 688 Broadway is also available, and the remarks indicate properties may be purchased separately or together as a package.
The building provides direct access from Broadway and rear off-street parking accessible through a shared covered drive-through between 682 and 688 Broadway. The public remarks also note proximity to public transportation and Route 1/Tobin Bridge access, with walkScore of 81 and transitScore of 61.
The property is currently occupied with income in place and may appeal to investors or owner-users seeking a visible urban retail/service storefront. Adjacent 688 Broadway is also available, and the remarks indicate properties may be purchased separately or together as a package.
Key Highlights
- Street‑front commercial retail/service space on Broadway in Chelsea with large display windows and signage visibility
- Configured with customer‑facing counter space plus a restroom and kitchenette for day‑to‑day operations
- Includes rear support areas and basement/storage space to support inventory and back‑of‑house needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,102
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,040
$782.0K
Cap Rate 7%
$558,600
$558.6K
Cap Rate 9%
$434,467
$434.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$4.1K −$2.07/SF
EGI
$55.9K $27.93/SF
− OpEx
−$16.8K −$8.38/SF
NOI
$39.1K $19.55/SF
Area
Suffolk County, MA
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,040
Cap Rate 7%
$558,600
Cap Rate 9%
$434,467
Alternative Uses
Best Use
Retail
$558.6K
$488.8K – $651.7K
NOI $39,102 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
ScrubaDub Car Wash
Shops & Services
17,447 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,934 visits/mo
0.4 miles
The UPS Store
Shops & Services
387 visits/mo
0.4 miles
Demographics for 02150, MA
40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
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
Similar Off Market Nearby
- Envy Flower Delivery - Everett MA — 471 Broadway, Everett, MA 02149
- Washington Park Florist — 120 Eastern Ave, Chelsea, MA 02150
- Betty's Flowers & Botanica Shop — 791 Broadway, Chelsea, MA 02150
- Stop & Shop Florist — everett, ma 02149
Frequently Asked Questions
What type of property is this?
Storefront property - Street-front retail/service space with large display windows, customer-facing counter area, restroom, kitchenette, and rear support space.
Where is this storefront property located?
The property is located at 682 Broadway Chelsea, MA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Street‑front commercial retail/service space on Broadway in Chelsea with large display windows and signage visibility; Configured with customer‑facing counter space plus a restroom and kitchenette for day‑to‑day operations; Includes rear support areas and basement/storage space to support inventory and back‑of‑house needs
