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    Property profile & analytics
    OFF-MARKET Estimated value $1,320,000
    Super regional malls

    880 Broadway, Saugus, MA 01906-3284

    37,469 SF 2.66 ac lot Built 1978
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US38-0869195
    Property summary
    AI-generated overview

    This newly renovated 34,246 square foot retail center is ideally situated on Route 1 in Saugus, offering excellent visibility and accessibility. The property boasts a strong tenant mix, including established businesses such as Cort Furniture, FloGolf, Veterinary Urgent Care, Partners in Rehabilitation, and Plunge Boston. Two spaces are currently available, ranging from 4,030 to 5,559 square feet, providing flexibility for various retail uses. Recent renovations include a new roof, concrete floors, exterior facade, windows, doors, and sidewalks, ensuring a modern and attractive space for tenants. The center benefits from a prominent monument pylon sign, enhancing visibility to passing traffic. Ample parking is available with 107 spaces. Utilities are serviced by National Grid (gas) and Eversource (electric). Property taxes are $3.57 per square foot. This location within the Route 1 submarket and Route 1 submarket cluster offers high traffic counts and strong demographics, making it an exceptional opportunity for businesses seeking a vibrant and well-maintained retail space. The property's multiple tenancy structure provides a diverse and stable environment.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1978
    Construction STEEL FRAME
    Total area 37,469 SF
    Lot 2.66 ac (115,870 SF)
    Zoning code NA
    APN SAUG M:010-D B:0002 L:0009
    UPID US38-0869195
    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
    • ATCK Fitness Saugus Sports School Gym & Fitness Center
    • Partners In Rehab, PT Medical Clinic
    • HealthPlus Urgent Care Medical Clinic
    • Krista Virgin Physician
    • BinStar Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.13M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.51M
    Blend (final) Blend
    $1.32M
    Owner & transaction history
    Broadway RT · 4 yrs held
    Broadway RT
    since 2022
    7 recorded transactions
    2022
    2017
    2007
    2002
    1990
    1987
    1969
    Zoning & alternative use
    NA · Saugus, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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