Somerville, MA Commercial Real Estate For Sale

 12
  • Dennis Kelleher
18 Fainwood Cir
Cambridge, MA 02139
$2,400,000 USD
5,550 SF
3 Units
4.22% Cap Rate
        
5,550 SF
$2,400,000 USD
Multifamily
 3
  • Dana Ford
34 Franklin Ave
Somerville, MA 02145
$1,950,000 USD
2,176 SF
2 Units
        
2,176 SF
$1,950,000 USD
Apartments
 13
  • Dan McGee
  • Carl Christie
1812 Massachusetts Ave
Cambridge, MA 02140
$1,300,000 USD
3,350 SF
1 Unit
        
3,350 SF
$1,300,000 USD
Storefront Retail Office
 7
  • Bernard Gibbons
62 Alford St
Boston, MA 02129
$4,500,000 USD
25,000 SF
        
25,000 SF
$4,500,000 USD
Distribution
 4
  • George Haddad
255 Mystic Ave
Medford, MA 02155
$3,700,000 USD
3,825 SF
        
3,825 SF
$3,700,000 USD
Service Station
 6
  • Timothy Pi
  • Wayne Terrio
204-206 Washington St
Somerville, MA 02143
$2,800,000 USD
5,932 SF
6 Units
        
5,932 SF
$2,800,000 USD
Apartments
 21
  • Joshua Stephens
125 Highland Ave
Somerville, MA 02143
$2,999,999 USD
17,960 SF
        
17,960 SF
$2,999,999 USD
Religious Facility
 14
  • Anthony Bruno
199 Elm St
Somerville, MA 02144
$1,900,000 USD
0.08 AC
1 Lot
0.08 AC
$1,900,000 USD
Residential
 8
  • Melanie Lentini
586-590 Boston Ave
Medford, MA 02155
$8,999,900 USD
0.47 AC
1 Lot
0.47 AC
$8,999,900 USD
Residential
 26
  • William McNamara
950 Massachusetts Ave
Cambridge, MA 02139
$2,795,000 USD
3,481 SF
1 Unit
5.98% Cap Rate
        
3,481 SF
$2,795,000 USD
Apartments
 15
1670 Massachusetts Ave
Cambridge, MA 02138
$3,500,000 USD
8,666 SF
        
8,666 SF
$3,500,000 USD
Storefront
 8
  • Antonia Shelzi
150 Columbia St
Cambridge, MA 02139
Price Upon Request
7,088 SF
2 Units
        
7,088 SF
Price Upon Request
Storefront Retail Office
 5
  • Charlie Jacob
  • Steve Nohrden
588 Somerville Ave
Somerville, MA 02143
Price Upon Request
6,111 SF
        
6,111 SF
Price Upon Request
Light Manufacturing
 12
  • Steve Nohrden
  • Charlie Jacob
243 Mystic Ave
Medford, MA 02155
Price Upon Request
0.19 AC
1 Lot
0.19 AC
Price Upon Request
Commercial
 33
  • Jeremy Cyrier
  • Josh Bartell
115 Willow Ave
Somerville, MA 02144
Price Upon Request
8,096 SF
        
8,096 SF
Price Upon Request
Manufacturing
 2
  • Leigh Freudenheim
  • Ellen Fantini Cullinan
1167 Cambridge St
Cambridge, MA 02139
Price Upon Request
7,470 SF
1 Unit
        
7,470 SF
Price Upon Request
Storefront Retail Residential
 11
  • Robert Graves
89 Cambridge St
Charlestown, MA 02129
$3,500,000 USD
7,526 SF
        
7,526 SF
$3,500,000 USD
Office
 8
  • Daniel Alper
  • Kevin Benzinger
28 Willow St
Cambridge, MA 02141
$1,495,000 USD
3,539 SF
2 Units
        
3,539 SF
$1,495,000 USD
Apartments
 5
  • Moises Morin-Martinez
91 Prospect St
Somerville, MA 02143
$1,500,000 USD
0.1 AC
1 Lot
0.1 AC
$1,500,000 USD
Commercial
 16
  • Jack Lister
16 Moreland St
Somerville, MA 02145
$3,250,000 USD
8,283 SF
        
8,283 SF
$3,250,000 USD
Warehouse
 3
  • Steve Bremis
176 Broadway
Somerville, MA 02145
$4,599,900 USD
0.27 AC
1 Lot
0.27 AC
$4,599,900 USD
Commercial
 9
  • Joe Flanagan
147 Highland Ave
Somerville, MA 02143
$2,500,000 USD
5,552 SF
        
5,552 SF
$2,500,000 USD
General Retail
 7
  • Chris Sower
  • Bruce Lusa
  • Jonathan Bryant
  • John Flaherty
186 Monsignor Obrien Hwy
Cambridge, MA 02141
Price Upon Request
0.11 AC
1 Lot
0.11 AC
Price Upon Request
Commercial
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Somerville Commercial Real Estate For Sale

Somerville, Massachusetts, is a densely populated city with a strong economy, making it an attractive location for commercial real estate investments. With a total population of approximately 80,000 people, Somerville offers a diverse range of industries, including food service, moving services, 3D printing technology, and publishing. Commercial real estate in Somerville can represent a variety of investments, from office buildings to retail spaces, and can provide a stable source of income for investors. The city's well-developed transportation system, including the MBTA subway stations and bike paths, makes it easily accessible for employees and customers. Additionally, Somerville is home to Tufts University, which provides a steady stream of educated and skilled workers. The city's amenities, such as the Somerville Community Path and the Dilboy Stadium, also make it an attractive location for businesses and residents alike. With its proximity to Boston and Cambridge, Somerville is an ideal location for companies looking to establish themselves in the Greater Boston area.

Currently, there are 23 commercial real estate listings available in Somerville, with an average price per square foot of $510 USD and an average size of 15,679 square feet. The largest commercial real estate listing available is 42,139 square feet. In addition to commercial real estate, Somerville also offers a range of other property types, including industrial properties, which can be used for manufacturing and logistics; apartment buildings, which provide a steady source of rental income; office properties, which are ideal for businesses looking for a professional space; and hotels, which cater to the city's tourism industry. With its diverse economy and range of property types, Somerville is an attractive location for investors and businesses looking to establish themselves in the Greater Boston area. The city's unique blend of industry, education, and culture makes it an ideal location for companies looking to grow and thrive.

What financing options are available for purchasing commercial real estate?

When it comes to financing options for purchasing commercial real estate in Somerville, Massachusetts, there are several alternatives to consider, including:

  • SBA 504 loans, which offer fixed-rate financing for up to 20 years and require a down payment as low as 10%;
  • Conventional commercial mortgages, which can provide financing for up to 75% of the property's value and offer flexible repayment terms;
  • Private money lenders, which can offer short-term, high-interest loans for fix-and-flip projects or other unique financing needs.

It's essential to carefully evaluate your financing options and consider factors such as interest rates, repayment terms, and fees when selecting the best financing solution for your commercial real estate investment in Somerville.

How do cap rates factor into commercial real estate purchases?

When considering commercial real estate purchases in Somerville, it's essential to understand the role of cap rates in your investment decision. The average cap rate in Somerville is 5.1%, which can help you determine the potential return on investment for a property, and is a crucial factor in evaluating the viability of a commercial real estate purchase - to learn more about how cap rates work, check out our article on what is a cap rate.

In Somerville, with 23 available listings of commercial real estate, investors can find opportunities that align with their investment goals and risk tolerance. By considering the cap rate, along with other factors such as the average price per square foot of $510 USD and average property size of 15,679 square feet, investors can make informed decisions about their commercial real estate purchases in this densely populated city.

What is considered a commercial property?

In Somerville, Massachusetts, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income through rental or operational activities.

With 23 available listings of commercial real estate in Somerville, investors and business owners can explore a range of options, from small office spaces to large industrial facilities, with average prices per square foot of $510 USD, average sizes of 15,679 square feet, and average cap rates of 5.1%, making Somerville an attractive location for commercial investment and development.

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