Property profile

595 Somerville Ave A Somerville, MA 02143

OFF-MARKET
Commercial real estate
Property ID
US38-2276993
409 SF Built 2014
Trust Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial condominium in Somerville, Massachusetts presents a unique investment opportunity. Located at 595 Somerville Ave A, this property offers excellent street-level visibility thanks to large storefront windows. Priced at $400,000, this versatile space boasts a flexible zoning designation (MR3) allowing for a wide range of commercial uses. Previously operated as a salon, the property is available as a turnkey operation, ideal for a stylist or barber seeking an established space. Alternatively, the zoning permits uses such as fitness services, pet grooming, personal services, coffee shops, or recording studios, among others. The condo includes the added convenience of three designated guest parking spaces on-site. This is a rare chance to acquire a well-located commercial property in a thriving Somerville neighborhood with low fees and significant potential for various businesses. The property's adaptable nature and prime location make it an attractive investment for entrepreneurs and business owners alike. Contact us today to schedule a viewing and explore the possibilities. The property is offered as-is. Square footage and lot size are not currently available.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2014
Total area 409 SF
APN SOME M:44 B:H L:14 U:A
UPID US38-2276993

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Hair Salon Nail Salon

Location

595 Somerville Ave, Unit A Somerville, MA 02143-3275
Somerville metro Census 351204 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
Last sale
$345,000
1 recorded transaction
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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