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    144 Broadway Saugus, MA 01906

    Sponsored
    For Sale
    $950,000

    Prime Route 1 location, 100% occupied.

    Property size:
    2,273 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use commercial building, located at 144 Broadway in Saugus, Massachusetts, presents a compelling investment opportunity. The property, built in 1935, boasts 2,273 square feet across two stories and sits on a 0.15-acre lot. Currently operating at 100% occupancy, this building offers immediate and consistent cash flow with a 7.00% cap rate. The asking price is $950,000, translating to $431.10 per square foot. The property features a blend of creative office and storefront spaces, perfectly suited for a variety of businesses. Zoned for retail and service uses (with additional overlays on Route 1), this versatile property offers significant potential for future growth and development. Ample parking is available with 20 spaces on-site. The building's prime location on Route 1 in Saugus, Essex County (zip code 01906), ensures high visibility and accessibility, attracting a substantial customer base. This Class C building represents a rare opportunity to acquire a fully leased, income-generating property in a desirable location. The property's strong performance and strategic location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture.

    Property Features for 144 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,273 SF
    Class
    C
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional mixed‑use building, 2,273 sq ft, on 0.15‑acre lot in Saugus, MA.
    • 100% occupancy, generating immediate cash flow with a 7.00% cap rate.
    • Asking price: $950,000 ($431.10/sq ft).
    • Features a mix of creative office and retail space, zoned for retail and service uses.
    • Ample parking (20 spaces) and high visibility location on Route 1 in Saugus, MA (01906).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bella Brazil Beauty ... Beauty Salon Monica Nail Studio Nail Salon Broadway Beauty Bar Beauty Salon Lashed by Lucia Beauty Salon Fresh Face Rx Medical Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.016179676245
    Latitude
    42.492288630705

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    FAQs

    What type of property is this?
    Individual retail property - Prime Route 1 location, 100% occupied.
    Where is this individual retail property located?
    The property is located at 144 Broadway Saugus, MA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Exceptional mixed-use building, 2,273 sq ft, on 0.15-acre lot in Saugus, MA.; 100% occupancy, generating immediate cash flow with a 7.00% cap rate.; Asking price: $950,000 ($431.10/sq ft).
    Request Owner's contact information
    144 Broadway Saugus, MA 01906
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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
    144 Broadway Saugus, MA 01906
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