201 Highland AveSomerville, MA 02143

Property Details for 201 Highland Ave

Year built

1920

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

3,300 SF

Zone code

RC

Property type

Retail properties

APN

SOME M:42 B:F L:26

APU

SOMEM42BFL26

Description

This exceptional retail property, located on Highland Avenue in Somerville, presents a unique leasing opportunity. Situated between Spring Hill and Magoun Square, this single-tenant space offers unparalleled visibility on a busy thoroughfare. The building, constructed in 1920, boasts 4,114 square feet of space spread across a single story. Large windows provide excellent natural light and showcase the property's attractive features, including hardwood floors and recessed lighting. Convenient street parking is readily available directly in front of the building, enhancing customer accessibility. Public transportation is easily accessible, with proximity to bus routes and the Green Line. The property is zoned for retail commercial use and is ideally suited for a variety of businesses. The surrounding area is known for its strong support of local businesses, with a substantial population base: 118,000 residents within a one-mile radius and 612,000 within a three-mile radius. This location offers a thriving market and significant potential for growth. The property's address is on Highland Avenue, with a cross street of Lowell Street. This is an exceptional opportunity to establish or expand your business in a vibrant and densely populated community.

• CAP approach

  CAP return

  Valuation

  6%

  $802,015

  6.5%

  $740,322

  7%

  $687,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,086,568

  Geo Method

  $1,086,568

• Alternative Use

  Use

  Valuation

  Residential

  $624,489

  Hospitality

  $572,029

  Educational

  $475,921

  Medical

  $492,289

  Retail

  $740,322

Location Insight

City

Somerville

County

Middlesex

State

Massachusetts

Latitude

42.3898

Longitude

-71.1067

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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