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Assembly Square Restaurant Opportunity
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74 Middlesex Ave, Somerville, MA

Restaurant space available in thriving Assembly Square neighborhood in 2024.

Property Size2,600 SF
Lot Size0.86 Acres
Days on Market1221

Property Features for 74 Middlesex Ave

General Information

Standard status Active
Size 2,600 SF
Lot size 0.86 Acres
Property subtype RETAIL
Listing Agency: Graffito
Listed By: Tania Celestin
Source: Moodyscre
Added: Mar 28, 2023 Changed: Jul 6 Last Checked: Jul 21 at 6:54AM

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 Graffito

Investment Insights

Based on property information with market context.

Available in 2024, this 2,400-square-foot restaurant space features 18-foot ceilings, 60 seats, and an outdoor patio. It is located in Assembly Square, a mixed-use neighborhood alongside the Mystic River that includes commercial space, residential apartment homes, restaurants, neighborhood amenities, and shops. The space is part of a 74 million dollar project, a new 500,000-square-foot life science building located at the entry to Assembly Row. This Class A building is currently under construction and is scheduled to open in mid-2024. The ground floor of the building is anchored by a 2,700 square foot restaurant that enhances activity in the main lobby and streetscape along Middlesex Avenue.

Key Highlights

  • Located in the thriving Assembly Square mixed‑use neighborhood.
  • Part of a new 500,000 SF Class A life science building.
  • Available in 2024.

Property Analytics

Current Use

74 Middlesex Avenue Corporate Office Top Rated Masonry ... General Contractor

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Spa & Massage Center Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

1,197
Businesses Nearby
374k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 35% Groceries 24% Dining 13% Shops & Services 11%
Burlington Apparel
65,827 visits/mo 0.1 miles
Trader Joe's Groceries
46,819 visits/mo 0.1 miles
Stop & Shop Groceries
42,883 visits/mo 0.4 miles
Nike Factory Store Apparel
35,782 visits/mo 0.2 miles
Speedway Shops & Services
23,299 visits/mo 0.4 miles

Market

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
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Similar Off Market Nearby

  • Scott Brothers Kitchen — 328 Broadway, Somerville, MA 02145

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space available in thriving Assembly Square neighborhood in 2024.
Where is this restaurant located?
The property is located at 74 Middlesex Ave Somerville, MA.
What are key features of this property?
This property features: Located in the thriving Assembly Square mixed‑use neighborhood.; Part of a new 500,000 SF Class A life science building.; Available in 2024.
(617) 401-2872 Call to check price and availability
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