Somerville, MA Commercial Real Estate for Sale and Lease

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What to Expect

Located directly northwest of the city of Boston, Somerville is a bustling Middlesex County city that had a population of around 76,000 at the time of the 2010 U.S. Census. Because it has a sizable population and a h2 economy, it is home to a diverse array of businesses. As a result, it has plenty to offer in terms of commercial real estate, including industrial space, retail space, office space and more.

Business Districts

Like many cities of its size, this one is home to several defined business districts. The Central Business District is home to everything from retail establishments to corporations. Over in the Industrial District, you'll find warehouses and a variety of manufacturing spaces. There are many retail districts in the city too, with Davis Square and Assembly Square Marketplace being among the best-known. The team at Boston City Properties knows this city and its commercial real estate offerings well, and we can help you identify properties that suit your budget, needs and preferences.

Commercial Space for Sale and Lease in Somerville, MA

Attempting to find suitable commercial real estate in a sizable city like this can be difficult. At least, that's the case when you don't have accurate, timely information at your disposal. When you sign up to access our searchable real estate database, you will always have the information that you need. From commercial investment properties to businesses for sale, our listings include everything that's currently available in this Middlesex County city.

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The process of finding exceptional commercial space in Somerville, MA, is a breeze with Boston City Properties. Therefore, sign up on this page for free, immediate access to our searchable listings. Update your search parameters with information about square footage, pricing and more to receive the most useful and relevant results. Before you know it, you'll have a long list of viable options to explore around the area.

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With a population of 75,754 living on only 4.1 square miles of land, this city in Middlesex County, Massachusetts has an extremely high density, making it a very desirable area for commercial investors. The area is sometimes referred to as a suburb or neighborhood of Boston, which the town borders. The city therefore has excellent access to all the urban amenities of Boston, as well as the neighboring city of Cambridge. Investors should note that instead of having one central business district, the primary centers of development are spread throughout several sections of the city, usually referred to as squares, including Assembly Square, Union Square, and Davis Square.

Located on the Mystic River, Somerville has a varied topography, including seven hills which offer exquisite views of the surrounding environment, as well as occasional opportunities for commercial development. In addition to its dense grid of surface streets, numerous major thoroughfares run through the area, including Route 28, Route 38, and Interstate 93. There are two subway stops for the red line within the city limits, and the closest MBTA Commuter Rail Line can be accessed via the red line transfer station in neighboring Cambridge. A new station to Union Square connected to the MBTA Fitchburg Line is under development. Public bus service, as provided by the MBTA, has 15 routes that pass through the town.

There are a number of public green spaces and recreation areas throughout the city, including the Somerville Community Path for bicyclists and pedestrians, and the Alewife Linear Park. There are a total of 63 smaller green spaces, including community gardens, playgrounds, and parks scattered throughout the city. Numerous cultural amenities, including theaters, art studios, seasonal festivals and sports stadiums create a vibrant civic atmosphere.

Commercially zoned parcels in this area are incredibly valuable. The 0.34 acre property at 166 Boston Avenue is located close to Davis Square and Tufts University, and is currently a gas station and automotive repair business. New zoning would permit the current building to be razed in order to allow a mixed-use development of up to three stories in height, including retail and apartment units. The sale list price for this property is $2,500,000.

Office Space Market

The uniform density of this city places virtually every available office space and building in close proximity to other businesses and restaurants, which makes the market competitive. The property at 48 Grove Street is located in Davis Square, and features 30,000 square feet of leasable space in a gorgeous three story brick building with ample, tree-lined street frontage. The brick exterior features vine-covered sections and multi-pane windows that flood the interiors with natural light. Built in 1915, the space has been rigorously maintained and features suites of varying sizes. A recent unit here had a total square footage of 2,042. The Davis Station subway is 0.1 miles from the building, while the MBTA Commuter Rail station is 0.7 miles away. The estimated rent for this space is $3.75 a square foot per month.

Also located in Davis Square is the property at 403 Highland Avenue, which has 14,070 square feet of available leasable space. Built in 1900, this two story white stone building features storefront display windows on the ground floor and large wall to wall block windows on the second story. Perfect for office and retail uses, this building recently had a 130 square foot office unit available for lease. The estimated rent for this property is $5.77 a square foot per month.

Those seeking an open plan office space near Prospect Hill will enjoy the structure at 261-265 Medford Street, which has office suites ranging in size from 650 square feet to 6,000 square feet. Built in 1979, this building has a total leasable area of 27,244 square feet. The suites are carpeted and come with built-in storage cabinets. The estimated rent for this property is $1.83 a square foot per month.

The property at 61 Roseland Street takes the form of a retrofitted single family home in Porter Square. Located only minutes from Harvard University, this office/condo unit features exposed brick and stonework on the interior, hardwood floors, and freshly plastered ceilings and walls with recessed lighting. The space works very well for either an office or residential configuration. The unit is 133 square feet, and is sited inside of the 1,528 square foot structure, which was originally constructed in 1920. The sale price for this space is $85,000.

With a sophisticated, modern architectural style, the structure at 17 Properzi Way is home to many designer and architecture tenants. Located between Union Square and Porter Square, this bright complex has a total square footage of 9,300 square feet, with suites of 3,000 square feet available for rent. The estimated rent for this space is $2.42 a square foot per month.

The four-story brick building at 58 Day Street is located in Davis Square, and features a variety of different sized suites. Built in 1920, the structure has a total rentable area of 32,196 square feet, and is only 0.1 miles from the Davis Station subway stop. With natural light, reception areas and conference rooms built into certain suites, this property offers ready-made office space with carpeted floors and built-in cabinetry for storage. The estimated rent for this space is $2.38 per square foot per month.

The property at 118-120 Beacon Street has a prominent ground floor retail space with a tall sheltered entryway and large storefront display windows. The upper three floors are primarily dedicated to office space. The building has 16 parking spots and is located 0.8 miles from the Harvard Square subway station. Built in 1989, the 47,000 square foot building recently had a unit of 8,647 square feet become available for lease. The estimated rent for this property has not been publicly disclosed.

Retail Space Market

Almost any retail space in this town is valuable for its easy accessibility to the dense urban fabric that surrounds it. With spaces in historic brick buildings and recently completed technologically state-of-the-art “smart” buildings, the retail sale and lease market is competitive. The property at 240 Elm Street is located in Davis Square, and features beautifully remodeled spaces in a structure originally built in 1920. With polished hardwood ceilings with recessed lighting, elegant wooden bookcases built near exposed concrete walls, and ample natural light from large storefront display windows, this multi-story structure offers a variety of configurable units for lease. The estimated rent for the total 49,839 square feet of leasable area has not been disclosed.

The property at 62 Bow Street is located near Prospect Hill, and features elegant retail space in a Victorian-style four-story building in 1920. A 600 square foot unit recently came available for lease. The estimated rent for this structure has not been publicly released. Meanwhile, the property at 191 Beacon Street has a 726 square foot unit for sale in a building built in 2018. Located near Porter Square, this unit features 10 foot tall ceilings and bright interiors. The price for this property has not been released.

For those developers looking to buy property within this tight market, the freestanding retail structure at 51 Cross Street was built in 1940, and offers a rare low-slung building located between Prospect Hill and Winter Hill. The interior spaces have 12.2 foot ceilings and a 30 by 23 foot office, as well as a kitchenette and a seperate workshop. The parcel is zoned for development of up to three stories. The total square footage of the current structure is 1,652, and the sale list price of the property is $850,000.

The slender yet elegant building at 70 Prospect Street recalls New York City’s Flatiron Building in terms of how it has made the most of its city lot. Located in Union Square, this beautifully detailed brick veneer building with ground floor storefront windows was built in 2017, and offers 29,000 total square feet of leasable space. The floor sizes are 5,800 square feet on average, and the lot is 0.99 acres in size. A 921 square unit recently was listed for sale at $449,000.

Commercial Development News: Sommerville as Potential New Amazon HQ Locale

In addition to the opening of several new subway stops and other infrastructural improvements, this area has seen an uptick in new development for luxury condominiums and high-efficiency office space, specifically in the form of one of the largest companies in the world. After launching a national competition, Amazon has picked Somerville as one of the 20 cities for its potential new headquarters, which could make the area host to a behemoth new corporate development. This development would increase the already highly desirable property values of the area, likely skyrocketing current lease and sale prices. The short-list was announced by Amazon in January 2018; the final decision will likely be made by the end of the year.

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Commercial Property List