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    321 Washington St Somerville, MA 02143

    Sponsored
    For Lease
    Contact for pricing

    Large industrial warehouse, ideal for lease or sale.

    Lot size:
    78,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 78,000-square-foot warehouse, located at 321 Washington Street in Somerville, Massachusetts, presents a significant opportunity for businesses seeking expansive industrial space. Situated on a generous 3.4-acre lot, this single-tenant property offers ample room for operations and expansion. Built in 1935, the building boasts a substantial 24-foot ceiling height, providing significant vertical storage capacity. The property is zoned FAB and is located in Middlesex County, zip code 02143. Parking is readily available with 75 spaces on-site. The warehouse is currently vacant, offering immediate occupancy for a new tenant. Power is robust, featuring a 5,000 amp, 128-480 volt heavy-duty electrical service, suitable for demanding industrial applications. This property is available for both sale and lease, making it a versatile option for various business needs. Its size, location, and features make it an attractive prospect for a wide range of industrial operations. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Property Features for 321 Washington St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,000 SF

    Building Details

    Year Built
    1935

    Unit(s) available at that property

    Space
    Available Space
    Size
    78,000 SF

    HighLights

    • 24'+ Clear Height Ceilings
    • Major Interstate Access
    • Multiple Loading Docks
    • Secure Outdoor Storage Area
    • Abundant Parking
    • High‑Amp Electrical Service
    Property Profile Location Intelligence

    Current Use by Public Records

    Washington Street Art ... Art Center Duck Village Art Art Center Danielle Makes Crafts Wedding Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -71.1009931
    Latitude
    42.3797893

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    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, ideal for lease or sale.
    Where is this distribution property located?
    The property is located at 321 Washington St Somerville, MA.
    What are key features of this property?
    This property features: 24'+ Clear Height Ceilings; Major Interstate Access; Multiple Loading Docks
    Request Owner's contact information
    321 Washington St Somerville, MA 02143
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    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
    321 Washington St Somerville, MA 02143
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