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    1160 Broadway Saugus, MA 01906

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    For Lease
    Contact for pricing

    Saugus, MA Retail Space - Multiple Units Available

    Lot size:
    18,006 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Sherman Plaza, located at 1160 Broadway in Saugus, Massachusetts, presents a prime retail opportunity in Essex County. This property offers a total of 18,006 square feet of vacant retail space, ideal for multiple tenants. Flexible lease options are available, accommodating spaces ranging from a minimum of 3,200 square feet to a maximum contiguous space of 7,900 square feet. The property's prominent location on Broadway in Saugus ensures high visibility and accessibility for businesses seeking a strong presence in this vibrant community. The building's layout is designed to accommodate a variety of retail concepts, making it an attractive option for both established businesses and new ventures. With its ample square footage and flexible space configurations, Sherman Plaza provides an excellent opportunity to establish or expand a retail operation in a desirable Massachusetts market. The property is conveniently located in Saugus, MA, zip code 01906, offering easy access to major transportation routes and a thriving local customer base. Interested parties are encouraged to inquire about lease terms and availability. The property is currently entirely vacant, presenting a unique chance to shape the future tenant mix.

    Property Features for 1160 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,006 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    7,900 SF
    Space
    Available Space
    Size
    6,906 SF
    Space
    Space Available
    Size
    3,200 SF

    HighLights

    • 18,006 square feet of vacant retail space available in Saugus, MA.
    • Strong tenant mix potential with flexible lease options from 3,200 to 7,900 contiguous square feet.
    • High‑traffic location on Broadway in Saugus, offering excellent visibility and accessibility.
    • Located in a super regional trade area with over 470,000 people and an average household income of $110,000.
    • Prime location opposite Square One Mall, near major retailers including Best Buy, Dick's Sporting Goods, Macy's, and T.J. Maxx.
    • Exceptional access with 116,200 cars per day on Route 1 and ideal positioning on one of only four Essex Street turnarounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    A.J. Rose Carpets ... Flooring Store DSW Designer Shoe ... Shoe Store Savers Thrift Store Party City Party Store Sherman Plaza Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0227386
    Latitude
    42.4593188

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    FAQs

    What type of property is this?
    Retail property - Saugus, MA Retail Space - Multiple Units Available
    Where is this retail property located?
    The property is located at 1160 Broadway Saugus, MA.
    What are key features of this property?
    This property features: 18,006 square feet of vacant retail space available in Saugus, MA.; Strong tenant mix potential with flexible lease options from 3,200 to 7,900 contiguous square feet.; High-traffic location on Broadway in Saugus, offering excellent visibility and accessibility.
    Request Owner's contact information
    1160 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
    1160 Broadway Saugus, MA 01906
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