55 Elm St
$3,900,000
4
Beds
3
Baths
2,426
Sqft
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$3,900,000
4
Beds
3
Baths
2,426
Living Area
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Property Description
Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
- Parking Spots: 2
- Property Type: 3 Family
- Total Rooms: 11
- Status: Active
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Additional Details
- Basement: Full, Unfinished
- Flooring: Vinyl, Hardwood
- Lot Features: Corner Lot
- Roof: Shingle, Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Nr
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,547,300
- Taxes: $16,881
- Tax Year: 2025
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Listing information provided courtesy of RE/MAX Real Estate Center.
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