Property summary
This exceptional property at 161 Broadway in Somerville, Massachusetts, offers a versatile warehouse/garage space ideal for a variety of businesses. Located in Middlesex County, zip code 02145, this single-tenancy property presents a unique opportunity. The primary space is designed as a warehouse, perfect for storage, light manufacturing, or distribution. The flexible layout allows for customization to meet specific operational needs. A significant advantage is the option to include office space, providing a seamless integration of administrative functions within the same building. This eliminates the need for separate office leases and streamlines operations. The property's location in Somerville offers convenient access to major transportation routes, facilitating efficient logistics and distribution. The building is well-maintained and ready for immediate occupancy. This is an excellent opportunity for businesses seeking a functional and adaptable space in a prime Somerville location. The property is classified as both Office and Industrial, offering a blend of uses within a single building. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's latitude and longitude coordinates are 42.3887569 and -71.0852942 respectively.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
BA · Somerville, MAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for BA in Somerville, MA.
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