1 / 41Price Changed · Active
$2,950,000
· Commercial
55 Elm St
Somerville, MA 02144
Listing courtesy of David Lilley, RE/MAX Real Estate Center · MLS PIN #73527146
1 / 7
ActiveListed 55 days ago
$2,700,000
1167 Broadway, Somerville, MA 02144
- 4,628
- sqft
- Lot sizeThe land that comes with the home, as reported to the MLS.
- 4,910 sqft
- Year builtThe year the building was originally built, as reported by the listing agent.
- 1910
- On the marketDays since the home was listed. New listings tend to move fastest.
- 55 days ago
- Property type
- Commercial
- Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
- $583
- Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
- $24,283
What’s Special
Presenting a prime opportunity for retail investors and developers., 1167 Broadway in Somerville, MA offers a 9,358 SF, five-unit commercial building with immense potential. Built in 1910 (Public records), this 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. Situated on a 4,910 sq ft lot and MR4 zoning it also holds promise for redevelopment, presenting a compelling chance for potential NOI growth. With its strategic positioning in the Somerville area, this property is an enticing prospect for investors seeking a lucrative addition to their commercial real estate portfolio. Situated in the Tufts-Teele Sq and Davis Sq triangle This bustling area is a magnet for retail investors and developers, with a diverse mix of local businesses, trendy restaurants, and boutique shops contributing to the dynamic commercial landscape. ,The location offers unparalleled access to Educational, cultural attractions and entertainment hotspots, making it an ideal investment opportunity. With its prime positioning and strong community appeal, 1167 Broadway presents an exciting prospect for investors seeking to tap into this coveted area. Its current zoning of MR4 allows for vertical mixed-use development which is in large demand and encouraged in this area.
Listing courtesy of Albert Bouchie, Gibson CRE · MLS PIN #73567686
Facts & Features
- Status
- Active
- Active status flag
- Active
- Living area
- 4,628 sqft
MLS PIN #73567686 · Listed August 25, 2026
Location
1167 Broadway, Somerville · All Somerville homes
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
$2,700,000
1167 Broadway
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
