3,760 SF on .95 Acres Across from LA Fitness in Saugus

1705-1709 Broadway Saugus , MA 01906

1705-1709 Broadway, Saugus , MA, 01906
1705-1709 Broadway, Saugus , MA, 01906
FOR SALE
Property Type:
Hotel
Amount:
$795,000
Last Verified:
Sep 23, 2020

Highlights

  • .95+/- acre parcel improved by a 7 unit motel and a single-family home
  • Various potential uses - redevelopment, office conversion, expansion/remodel of motel
  • 98+/- feet of frontage on Broadway in Saugus providing excellent visibility
  • Multi-Use commercial lot zoned Business-2 and Residential-2
  • Sought after location positioned directly across from LA Fitness and adjacent to Lowe's
  • Fantastic position just seconds off RT 1 with a traffic count of 103, 039+/- vehicles daily
  • Seven miles to downtown Boston and five miles to Everett's popular Encore Casino

Description

Excellent opportunity for a developer or user to acquire this .95+/- acre parcel located directly off RT 1 in Saugus. The site is currently home to the James Motel, which is comprised of 7 rooms with a private office. The motel is 1,830 SF. The property could be converted to a professional office building or a new operator could bring a fresh approach to capture even more market share. The parcel is also improved by a 1,930 SF single-family home in the rear and features 12 parking spots. 1705-1709 Broadway is just seconds off of RT 1 and is located directly across from LA Fitness. This .95+/- acre parcel provides invaluable frontage on a highly trafficked road with endless opportunities due to its business/residential zoning.

Located ten miles north of Boston, 1705-1709 Broadway is seconds off of RT 1 in Saugus across from LA Fitness.


Year Built: 1903
Building Size: 3760.0sq ft
Building Class: C
Lot Size: 0.95 acres

Map of 1705-1709 Broadway, Saugus , MA, 01906

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.