230 Somerville Ave Somerville, MA 02143
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BA · Somerville, MASomerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.