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    71 Bow St, Unit 1 Somerville, MA 02143

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    For Sale
    $1,105,000

    New 1,715 SF retail condo in a mixed-use development.

    Property size:
    1,715 SF

    Property Features for 71 Bow St

    General Information

    Standard status
    Active
    Size
    1,715 SF

    Building Details

    Year built
    2024

    Source: ABG Realty Agent Clare Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Condo in Union Square

    This newly constructed 1,715 SF retail condominium is located on the ground floor of a modern five-story mixed-use development. Situated in the Union Square area, within the LOEN Residences, the property benefits from high pedestrian traffic and excellent street frontage, offering maximum visibility. The space is delivered in shell condition, providing a flexible layout suitable for various potential uses. It is suited for investors or operators seeking to establish a presence in a vibrant urban environment. The property offers signage options and is suitable for both established brands and startups looking to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Loėn Condominium Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0995991
    Latitude
    42.3816082

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    FAQs

    What type of property is this?
    Retail space - New 1,715 SF retail condo in a mixed-use development.
    Where is this retail space located?
    The property is located at 71 Bow St, Unit 1 Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,105,000.
    What are key features of this property?
    This property features: - Prime ground-floor location in the lively Union Square area with high pedestrian traffic.; - Excellent street frontage providing maximum visibility.; - Located in a contemporary, recently constructed mixed-use development (LOEN Residences).
    (617) 492-9900
    Request Owner's contact information
    71 Bow St, Unit 1 Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Bow St, Unit 1 Somerville, MA 02143
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