Offered for sale, 163-179 Washington St in Somerville presents a fully occupied, multi-tenant retail asset with four street-level storefronts in a high-visibility corner position along well traveled Washington Street. The building totals 10,848 SF (gross area) on a 7,683 SF lot, with strong urban fundamentals. Located in the Union Square area, the property is approximately 0.4 mi to Union Square Station (Green Line) and 0.6 mi to Twin City Plaza, with Assembly Square about 1.8 mi. The site is within the City’s MR5 zoning district, supporting long-term optionality for investors evaluating future repositioning or redevelopment, subject to buyer due diligence and required approvals. A rare chance to secure stabilized storefront occupancy and prominent corridor presence in Somerville
163-179 Washington St, Somerville, (Union Square), MA, 02143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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