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    Property profile & analytics
    OFF-MARKET Estimated value $5,930,000
    Retail properties & Spaces

    655 Broadway, Saugus, MA 01906-3206

    41,822 SF 3.51 ac lot Built 1982
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US38-1751675
    Property summary
    AI-generated overview

    Fellsway Plaza, located at 655 Broadway in Saugus, Massachusetts, offers a prime retail opportunity. This multi-tenant commercial property boasts a total of 129,008 square feet, with 2,000 square feet currently available for lease. The property is situated in Essex County and features ample parking with 530 spaces available for tenants and customers. The building's convenient location in Saugus, MA, zip code 01906, provides excellent accessibility and visibility. The available space is ideal for a variety of retail businesses seeking a well-established location with significant foot traffic potential. The property's size and parking capacity make it suitable for larger retail operations or businesses requiring substantial space for inventory and customer parking. This is a fantastic opportunity to establish or expand your retail presence in a thriving Massachusetts community. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and conditions. The property's location at 42.479124 latitude and -71.0240545 longitude offers easy access to major transportation routes.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 1982
    Total area 41,822 SF
    Lot 3.51 ac (152,896 SF)
    Zoning code NA
    APN SAUG M:012-D B:0005 L:0003
    UPID US38-1751675
    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
    • Dollar Tree Discount Store
    • Marshalls & HomeGoods Department Store
    • Fellsway Plaza Shopping Center & Mall
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $7.24M
    Blend (final) Blend
    $5.93M
    Owner & transaction history
    Basser Kauf Of Saugu LLC · 21 yrs held
    Basser Kauf Of Saugu LLC
    since 2004
    6 recorded transactions
    2019
    2004
    2004
    $1
    1990
    $5.4M
    1989
    $4.6M
    1969
    Zoning & alternative use
    NA · Saugus, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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