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29563433
29563434

144 Broadway, Saugus, MA 01906

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$795,000
120 days on market
Updated 120 days ago

Broadway Retail

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,517
Cap Rate 7.01%
NOI $55,723
Price per SqFt $524
Year Built 1935

1,517 SF Retail Property | Saugus, MA

Marketing description

Northeast Private Client Group is pleased to present the Broadway Retail located at 144 Broadway in Saugus, MA.

144 Broadway is a freestanding, multi-tenant retail property positioned on a corner lot along U.S. Route 1 (Broadway) within the highly trafficked Saugus/Lynn retail submarket. The property contains 2,273± square feet across two stories and sits on a 0.15-acre parcel, offering frontage, visibility, and access along one of the North Shore’s primary commercial corridors.

Constructed in 1935, the wood-frame building features approximately 55 feet of frontage on Broadway, a 24-foot building height, and 8-foot ceiling heights. The property is zoned Retail/Service, allowing for a wide range of commercial uses. The site includes a paved surface parking lot with approximately 20 parking spaces, providing a parking ratio of 10.0 spaces per 1,000 SF—well above market norms for comparable retail assets. The interior has been recently renovated and is currently configured for salon and service uses, making it well-suited for continued retail, office, or personal service tenancy.

Located along U.S. Route 1, the area experiences traffic counts exceeding 100,000 vehicles per day, delivering exceptional exposure and signage opportunities. The property is surrounded by a dense concentration of national retailers, restaurants, and service businesses and is located approximately 9 miles north of Downtown Boston, with convenient access to Route 1, Route 129, I-95, and I-93. Logan International Airport is approximately 22 minutes away.

Investment highlights

Freestanding Retail Asset on U.S. Route 1

55 feet of frontage on Broadway

100,000+ vehicles per day.

Ample On-Site Parking | 20 surface parking spaces

Access to Route 1, Route 129, I-95, and I-93

Long-Term Value & Repositioning Upside

Listing Contacts

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,723.00
$4,643.58/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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Additional Information

Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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