144 BroadwaySaugus, MA 01906

Property Details for 144 Broadway

Year built

1935

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,517 SF

Zone code

NA

Property type

Retail space

APN

SAUG M:015-E B:0011 L:0003

APU

SAUGM015EB0011L0003

Description

This exceptional investment opportunity presents a fully leased commercial property at 144 Broadway in Saugus, Massachusetts. Situated on a 0.15-acre lot, this property offers immediate and consistent income generation due to 100% occupancy. The building's prime location on Route 1 provides unparalleled visibility, ensuring maximum exposure to a high volume of passing traffic. This strategic positioning offers significant advantages for current and future tenants, contributing to the property's strong rental income. The property's design is versatile, making it suitable for a variety of businesses. The asking price is $899,000. This represents a compelling investment opportunity for those seeking a secure and profitable addition to their portfolio. The seller is motivated, and all offers will be considered. This is a rare chance to acquire a fully leased, high-traffic commercial property in a desirable location. The consistent rental income stream provides a stable foundation for long-term growth and financial security. Don't miss this chance to secure your financial future with this exceptional investment. The property's location and occupancy guarantee a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $368,684

  6.5%

  $340,324

  7%

  $316,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,492

  Geo Method

  $499,492

• Alternative Use

  Use

  Valuation

  Residential

  $287,076

  Hospitality

  $262,960

  Educational

  $218,779

  Medical

  $226,304

  Retail

  $340,324

Location Insight

City

Saugus

County

Essex

State

Massachusetts

Latitude

42.4924

Longitude

-71.016

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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