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    321 Washington St Somerville, MA 02143

    Sponsored
    For Lease
    Contact for pricing

    20,000 SF Warehouse - Immediate Occupancy

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,000-square-foot industrial property, located at 321 Washington Street in Somerville, Massachusetts (zip code 02143), presents a unique opportunity for businesses seeking flexible warehouse space. The single-tenant building offers immediate occupancy, boasting impressive features ideal for a variety of uses. The warehouse features exceptionally high ceilings, providing ample vertical storage capacity. Convenient loading docks ensure efficient and streamlined operations, while durable concrete floors provide a robust and reliable foundation for heavy equipment and materials. The property also benefits from heavy power, accommodating businesses with significant energy demands. This prime location in Somerville offers excellent access to major transportation routes, making it an ideal distribution hub or manufacturing facility. The entire 20,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to secure a substantial, well-equipped warehouse in a highly desirable location. The property is classified as both flex and warehouse space, offering versatility for a wide range of businesses. Don't miss this chance to establish your business in this exceptional Somerville property.

    Property Features for 321 Washington St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Unit(s) available at that property

    Space
    Available Spaces
    Size
    20,000 SF

    HighLights

    • Somerville warehouse space available for lease.
    • Furnished options available upon request.
    • High ceilings, loading docks, concrete floors, and heavy power. Ideal for various businesses.
    • Excellent location, minutes from Route 93.
    • Multiple unit sizes available.
    • Contact Corbett & Dullea at (212) 203‑5338 for tours or assistance.
    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
    -71.188714
    Latitude
    42.2180531

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    FAQs

    What type of property is this?
    Distribution property - 20,000 SF Warehouse - Immediate Occupancy
    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: Somerville warehouse space available for lease.; Furnished options available upon request.; High ceilings, loading docks, concrete floors, and heavy power. Ideal for various businesses.
    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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