Sold!
$2,800,000
99
Beds
99/99
Baths
0.27
Acres
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Property Description
DEVELOPABLE FIVE STORY MIXED USE DEVELOPMENT PROJECT. SELLER WILL NOT WAIT FOR BUYER TO RECEIVE PROJECT APPROVALS. Possible buildout w/ TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building and approx 1,125 average per unit size OR building as a NET ZERO BUILDING...YOU CAN PUT UP TO 37 MAXIMUM UNITS with approx 577 sq ft more or lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. ZONED MR5. Addtnl COMMERCIAL SPACE OF UP TO 5000 SQ FT is allowed. One parking space required per unit...there is enough for up to 23 spaces on site. Specital permit for relief regarding parking needed to achieve maximum number of units. Affordable requirement for City of Somerville is 20%. GREAT LOCATION rated a WALKER'S PARADISE SCORE OF 95. Insanely convenient...UNDER A MILE TO GREEN AND ORANGE LINE SUBWAY STOPS!
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1967
- Parking Spots: 20
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Closed
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Additional Details
- Construction: Frame, Brick
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
- Foundation: Stone
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: Mr5
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,772,400
- Taxes: $11,579
- Tax Year: 2022
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of William Raveis R.E. & Home Services.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
