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Property profile & analytics
OFF-MARKET
Turn key restaurants

113 Washington St Somerville, MA 02143-4426

460 SF 0.02 ac lot Built 1930
Individually Owned 20-yr Hold Free & Clear
Property ID
US38-1089002
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 460 SF
Lot 0.02 ac (1,012 SF)
Zoning code RC
APN SOME M:104 B:A L:63
UPID US38-1089002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Buddy's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nicole Bairos · 20 yrs held
Nicole Bairos
since 2006
2 recorded transactions
2010
Price N/A
2006
$200,000
Zoning & alternative use
RC · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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