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Property profile & analytics
FOR SALE
Retail properties & Spaces

230 Somerville Ave Somerville, MA 02143

19,253 SF 0.43 ac lot Built 1946
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US38-1072738
Property summary
AI-generated overview

This exceptional 40,000-square-foot warehouse, situated at 230 Somerville Avenue in Somerville, MA, presents a unique leasing opportunity. Currently, 10,200 square feet of contiguous space is immediately available within this multi-tenant building. Built in 1960, the two-story Class C warehouse boasts a 12-foot ceiling height, perfect for various industrial uses. The property includes two loading docks and six parking spaces, enhancing operational efficiency. Power is supplied by a robust 600-amp, 3-phase system. The property sits on a 0.43-acre lot and is zoned BA. Its prime location in the Somerville/Chelsea submarket offers unparalleled access to major transportation arteries. Less than two miles from Route I-93, it provides effortless commutes to Cambridge and downtown Boston. Furthermore, the property enjoys the convenience of proximity to the new Union Square MBTA Green Line station and various MBTA bus routes, ensuring easy employee and client access. The vibrant Union Square neighborhood offers a wealth of amenities, including numerous restaurants, cafes, and specialty markets, creating a desirable work environment. This is an excellent opportunity to secure flexible industrial space in a thriving, well-connected location.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1946
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,253 SF
Lot 0.43 ac (18,803 SF)
Zoning code BA
APN SOME M:95 B:B L:2
UPID US38-1072738
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
  • City Schemes Furniture & Home Goods Home Decor Store
  • LabMinds US Production Facility
  • ClearView Garage Door Repair Hardware & Home Improvement Production Facility
  • Avalon Masonry & Construction General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.37M
Owner & transaction history
Tyr 2 RT · 23 yrs held
Tyr 2 RT
since 2003
4 recorded transactions
2013
Price N/A
2003
$975,000
2000
Price N/A
1991
$575,000
Zoning & alternative use
BA · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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