1167 Broadway, Somerville, MA for sale

Investment Overview

Presenting a prime opportunity for retail and street retail investors, 1167 Broadway in Somerville, MA offers a 9,358 SF, five-unit commercial building with immense potential. Located in the MR4 Zone , this Iconic property features 40% occupancy, providing immediate income and significant room for growth. Boasting 4,628 SF of street-level space suitable for retail or office use, the property also holds promise for redevelopment, presenting a compelling chance for potential NOI growth. With its strategic positioning in the Boston-Somerville area, this property is an enticing prospect for investors seeking a lucrative addition to their commercial real estate portfolio.

Investment Highlights

• Total 9,358 SF commercial building (including useable Lower Level)
• 5 units, ideal for retail or office use
• Built in 1910 ( Pub Rec) with historic charm
• Zoned MR4 for versatile development options
• Prime location in the Boston-Somerville area
• 40% occupancy with immediate income potential
• 4,628 SF of street-level retail space
• Opportunity for property redevelopment
• Potential for significant NOI growth