The 445-455 Broadway
Multi-tenant retail and office complex with approved residential development
Marketing description
The property being offered for sale is an exceptional urban portfolio located at 445-455 Broadway in Everett, Massachusetts. This opportunity includes a multi-tenant retail and office complex currently occupied by 26 tenants, providing stable and recurring income with 100% retail occupancy. The existing building encompasses 43,740 square feet, with 33,272 rentable square feet, and sits on a 20,799 square foot parcel. In addition to the income-producing asset, the property features a fully approved, shovel-ready development project for 33 residential units, with all permits and approvals in place, allowing construction to begin immediately. Investors benefit from both immediate cash flow and significant future upside through development. The site is strategically positioned in Everett’s rapidly growing Broadway Corridor, offering access to Greater Boston’s economy and talent pool, while benefiting from ongoing infrastructure improvements such as the MBTA Silver Line extension and a proposed new commuter rail station. The property also enjoys proximity to major developments like Encore Boston Harbor and the proposed Kraft Group soccer stadium, further enhancing its long-term value and growth potential. Don't miss out on this rare chance to secure a property with both stability and growth potential.
Investment highlights
Property Overview
Location: 445-455 Broadway, Everett, MA 02149
Property Type: Multi-tenant retail and office complex with approved residential development
Existing Building Size: 43,740 SF
New Residential Development: 33 units, shovel-ready with all permits approved
Lot Size: 20,799 SF
Retail Occupancy: 95%
Lease Terms: 3–5 years
Parking: 16 spaces
Year Built: 1908, Renovated: 2023
The property is an income-producing asset, with 26 tenants occupying retail and office spaces that provide stable, recurring cash flow.
A fully approved 33-unit residential project on-site allows investors to begin construction immediately, unlocking significant long-term value appreciation.
Everett is an emerging market within Greater Boston with high growth potential. Key nearby developments include Encore Boston Harbor, a proposed Kraft Group soccer stadium, and right at your door is a $30M MBTA Silver Line extension with a new commuter rail station. Everett’s real estate market has seen home price increases of 38.5% from 2018–2024, with rapid multifamily development.
The tenant mix is strong, including restaurants, salons, office professionals, and retail services, with lease terms structured for stability through 2027–2030.
Everett’s strategic metro location offers lower costs relative to Boston while accessing the region’s talent pool. Public and private investments, including transit expansions and neighborhood developments, increase connectivity and property demand. Proximity to entertainment, retail, and sports developments ensures strong future appreciation potential.
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