130 BroadwaySomerville, MA 02145

Property Details for 130 Broadway

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.66 AC

Property size (Sq ft)

21,324 SF

Zone code

BA

Property type

Retail properties

APN

SOME M:90 B:E L:5

APU

SOMEM90BEL5

Description

This exceptional commercial property at 130 Broadway in Middlesex County offers a unique leasing opportunity. The building, totaling 20,000 square feet, currently has 11,440 square feet of vacant space available for lease. The space is adaptable and suitable for a variety of uses, including retail, executive office, and flex space, making it an ideal location for businesses seeking a versatile and functional environment. The property features high ceilings, a significant advantage for many commercial operations. Convenient and direct access to parking and loading is provided at the rear of the building, streamlining logistics and operations. The location is highly desirable, situated in the heart of East Somerville, just a short distance from prominent landmarks such as XMBLY and Assembly Row, ensuring high visibility and accessibility. This prime location offers excellent exposure to a thriving commercial area and provides easy access to major transportation routes and amenities. The multiple tenancy structure allows for flexibility in lease terms and space configuration. This is a rare opportunity to secure a substantial and well-located commercial space in a rapidly developing area. Inquire today to learn more about this exceptional property and its leasing possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,182,476

  6.5%

  $4,783,824

  7%

  $4,442,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,021,208

  Geo Method

  $7,021,208

• Alternative Use

  Use

  Valuation

  Residential

  $4,035,335

  Hospitality

  $3,696,345

  Educational

  $3,075,316

  Medical

  $3,181,080

  Retail

  $4,783,824

Location Insight

City

Somerville

County

Middlesex

State

Massachusetts

Latitude

42.3876

Longitude

-71.0847

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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