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Property profile

321 Broadway Somerville, MA 02145

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,400 square foot retail space, located at 321 Broadway in Somerville, Massachusetts, is available for lease. Situated on the first floor, this renovated space presents a fantastic opportunity for a variety of businesses. The property is ideally suited for fitness or wellness-oriented enterprises, given its proximity to existing tenants such as a nail salon and pilates studio within the same building. The building offers convenient amenities including a dedicated private parking area for employees, and a separate customer parking lot, ensuring ample parking for both staff and clients. This property is located in Somerville's desirable Winter Hill area, benefiting from a vibrant residential community above the retail space and the close proximity to the bustling Assembly Row development. The property type is classified as Retail, Office, with subtypes including Medical Office, Creative Office, and Traditional Office, offering flexibility for potential tenants. The tenancy is single, providing a self-contained and private space for the lessee. The property is in Middlesex County, Massachusetts, with a zip code of 02145. This location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a thriving and convenient location. The space is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store
  • Clothing & Fashion Store
  • Clothing & Fashion Store

Location

321 Broadway Somerville, MA 02145
Somerville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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