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Home Massachusetts Somerville Commercial Properties for Sale

25 Washington St Somerville, MA 02143

$1,795,900
Type: Commercial
Lease Type N/A
4156 Bldg. SQFT
Restrooms: N/A
Parking: N/A
25 Washington St
Somerville, MA 02143

Property Description

Great business owner occupant or redevelopment opportunity! 25 Washington Street in Somerville, just 1/2 mile in either direction to East Somerville Green line T stop and Sullivan Sq. Orange line T stop!!! Excellent proximity to Union Square and surrounding amenities. This 4,000+ SF commercial building makes up the corner of Pinckney St and Washington with an existing curb cut on Pinckney for its overhead garage door. Second floor has 4 private offices and an open concept office/reception and 3 half bathrooms. New roof in 2015, all new LED motion sensor shop lights install 4 years ago, and rooftop HVAC compressor 2-3 years old. Tenant would entertain a lease back which provides a good stream of income while buyer files for redevelopment. Zoned MR3 (mid rise 3) Additional zoning and architectural info available.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Other (See Remarks)
  • MLS ID#: 73207693

Financial

  • Gross Annual Expenses: 10926
  • Gross Annual Income: 90000
  • Net Operating Income: 79074

Building Information

  • Total SQFT: 4156

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
03/31/2024Active$1,795,900$432MLSPIN
03/27/2024Back on Market$1,795,900$432MLSPIN
03/16/2024Under Agreement$1,795,900$432MLSPIN
03/02/2024Contingent$1,795,900$432MLSPIN
03/01/2024New$1,795,900$432MLSPIN
03/01/2024Expired$1,795,900$432MLSPIN
02/23/2024Active$1,795,900$432MLSPIN
02/19/2024Price Change$1,795,900$432MLSPIN
12/19/2023New$2,000,000$481MLSPIN
11/09/2023Expired$2,000,000$481MLSPIN
08/13/2023Active$2,000,000$481MLSPIN
08/09/2023New$2,000,000$481MLSPIN

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View Breakdown

Seller's Representative: James Riel, JR Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.

MLS PIN data last updated at 2024-03-31 03:06:00

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