144 Broadway Saugus, MA 01906
- Retail space
- 1,517 SF
- 0.15 lot acres
Current Use by Public Records
- Bella Brazil Beauty Salon / Beauty Salon
- Monica Nail Studio / Nail Salon
- Broadway Beauty Bar / Beauty Salon / Eyelash Salon
- Lashed by Lucia / Beauty Salon
- Fresh Face Rx / Medical Spa
Property Details for 144 Broadway
- Year built
- 1935
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Property size
- 1,517 SF
- Zone code
- NA
- Property type
- Retail space
- APN
- SAUG M:015-E B:0011 L:0003
- APU
- SAUGM015EB0011L0003
Description
This exceptional investment opportunity presents a fully leased commercial property at 144 Broadway in Saugus, Massachusetts. Situated on a 0.15-acre lot, this property offers immediate and consistent income generation due to 100% occupancy. The building's prime location on Route 1 provides unparalleled visibility, ensuring maximum exposure to a high volume of passing traffic. This strategic positioning offers significant advantages for current and future tenants, contributing to the property's strong rental income. The property's design is versatile, making it suitable for a variety of businesses. The asking price is $899,000. This represents a compelling investment opportunity for those seeking a secure and profitable addition to their portfolio. The seller is motivated, and all offers will be considered. This is a rare chance to acquire a fully leased, high-traffic commercial property in a desirable location. The consistent rental income stream provides a stable foundation for long-term growth and financial security. Don't miss this chance to secure your financial future with this exceptional investment. The property's location and occupancy guarantee a strong return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $475,000
- 6.5%
- $455,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $470,000
- Retail
- $515,000
- Mixed-Use
- $390,000
- Hospitality
- $430,000
- Educational
- $525,000
- Residential Income
- $390,000
- Energy
- $510,000
- Income-Based Land
- $435,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Saugus
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.016
- Latitude
- 42.4924
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA