113 Washington St Somerville, MA 02143-4426
This unique investment opportunity presents the chance to own Buddy's Diner, a piece of Somerville history. Built in 1929 as a Worcester Lunch Car (WLN No. 624), this vintage diner originally operated in Leominster as Sawin's Diner before relocating to its current Somerville address in the early 1950s. For nearly a century, Buddy's has served the community, building a loyal customer base. Currently closed due to a sewage pipe issue, the diner is being sold "as is," reflecting the seller's strong motivation to find a new owner. The 0.02-acre property boasts a fantastic location, just a two-minute walk from the new East Somerville Green Line extension, ensuring high foot traffic and accessibility. This prime location, combined with the diner's established history and loyal following, presents a rare opportunity for an entrepreneur seeking a one-of-a-kind business venture. The property's rich history and potential for revitalization make it a truly exceptional investment. The asking price is $850,000. This is a chance to acquire a beloved Somerville landmark and capitalize on its considerable potential. Serious inquiries only.
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Buddy's Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · Somerville, MASomerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.