DEVELOPABLE 5 STORY MIXED USE PROJECT WITH UP TO 37 UNITS. Incl 2 parcels w/ over 11,000 sq ft of lnd, sold as a package. ZONED MR5. Potential 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 less. 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. SELLER WILL WAIT FOR BUYER TO RECEIVE PROJECT APPROVALS BEFORE CLOSING. Buyer responsible for all fees incl but not limited to architects fees, attorney fees etc necessary to obtain approvals. 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!
— MLSPIN #: 73287760Map of 176-182 Broadway, Somerville, MA 02145
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| List Price: | $4,599,900 |
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| Status: | Active |
| MLS ID: | 73287760 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02145 |
| Property Type: | Land |
| Property Sub Type: | Residential |
| Acres: | 0.27 |
| Taxes: | 11,579 |
| Lot Features: | Level |
| Status: | Active |
| Water Source: | Public |
| Directions: | On Broadway from Assembly Sq/ Sullivan Sq towards Winter Hill...property is on the left before McGra |
| Electric: | On-Site |
| Listing Contract Date: | 2024-09-10 |
| Lot Size Area: | 0.27 |
| Lot Size Square Feet: | 11,778 |
| Bathrooms Total Integer: | 0 |
| Community Features: | Public Transportation, Highway Access, T-Station, University |
| Gas: | On-Site |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Road Frontage Type: | City Street |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Zoning: | MR5 |
| Disclosures: | Both properties vacant. Seller does not warrant operability of any utilities. Zoned MR5. Broker does not assume accuracy for ANY information expressed herein. Buyers need to do their own due diligence. Buyer is responsible for any and all costs associated with obtaining approvals |
| Electric On Property?: | Yes |
| Farm Land Area Units: | Square Feet |
| Listing Agreement: | Exclusive Right To Sell |
| Disclosure: | No |
| Dpr Flag: | No |
| Listing Alert: | No |
| Page: | 95 |
| Original List Price: | $4,599,900 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $1,772,400 |
| Tax Year: | 2022 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 05:25 AM
Property Last Updated: September 17, 2024 09:26 AM
Listing Courtesy of: Steve Bremis Realty Group
Listing Agent: The Steve Bremis Team
617-828-1070
