144 Broadway, Saugus, MA 01906
- Retail space
- 1,517 SF
- 0.15 lot acres
Current Use by Public Records
- Bella Brazil Beauty Salon / Hair Salon / Nail Salon
- Monica Nail Studio / Nail Salon
- Broadway Beauty Bar / Hair Salon / Nail Salon
- Lashed by Lucia / Hair Salon / Nail Salon
- Fresh Face Rx / Spa & Massage Center / Alternative Medicine Practice
Property Details for 144 Broadway
- Year built
- 1935
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Zone code
- NA
- Property type
- Retail space
- APN
- SAUG M:015-E B:0011 L:0003
- APU
- SAUGM015EB0011L0003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 12, 2024 | — | 144 Broadway RT | — | Deed · related | $325k · Everett Cooperative Bank |
| Jan 20, 2022 | — | 144 Broadway RT | — | Deed · related | $400k · Everett Cooperative Bank |
| Feb 1, 2021 | $510,000 | 144 Broadway RT | Emilio Pagliuca | Quit Claim Arm's Length For Ne States | $250k · Ralph M Desimone |
| Jun 26, 2015 | $434,900 | Emilio Pagliuca | Desimone Ralph M | Quit Claim Deed | $356k · Ralph M Desimone |
| Oct 8, 1999 | — | Ralph M Desimone | — | Deed Of Trust · related | $93k · Bayview Mortgage INC |
| Mar 25, 1999 | — | Ralph M Desimone | — | Deed Of Trust · related | $300k · Yellow Freight Ecu |
| Apr 30, 1990 | — | Ralph M Desimone | — | Deed Of Trust · related | $500k · Progressive Cnsmr FCU |
| Apr 22, 1988 | — | Ralph M Desimone | — | Deed Of Trust · related | $140k · Progressive Cnsmr FCU |
| Feb 24, 1987 | — | Ralph M Desimone | — | Deed Of Trust · related | $80k · Zwi Kohorn |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $585,000
- ML approach
- $600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $415,000
- 6.5%
- $385,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $499,000
- AI Estimate
- $352,000
Market price range: $210k - $500kMarket price range: $84.4k - $361k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $335,000 Current use
- OFFICE BUILDING
- $390,000 Change: +16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $365,000 Change: +8% Conversion: Difficult
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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
