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Property profile & analytics
FOR SALE
Retail space

144 Broadway Saugus, MA 01906

1,517 SF 0.15 ac lot Built 1935
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US38-0627884
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Construction FRAME
Total area 1,517 SF
Lot 0.15 ac (6,551 SF)
Zoning code NA
APN SAUG M:015-E B:0011 L:0003
UPID US38-0627884
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$385k
Comparable Approach Comparable
$500k
Blend (final) Blend
$515k
Owner & transaction history
144 Broadway RT · 5 yrs held
144 Broadway RT
since 2021
Last sale
$510,000
7 recorded transactions
2024
Price N/A
2022
Price N/A
2021
$510,000
2015
$434,900
1999
Price N/A
1999
Price N/A
1990
Price N/A
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $390,000 +15.6%
Auto repair, garage $365,000 +7.7%
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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