Address
176-182 Broadway, Somerville, MA
Price
$ 4,599,900
Property Attributes
- MLS#73242057
- TypeLand
- CountyMIDDLESEX
- CitySomerville
- Zip02145
- StyleLevel
- Taxes$ 11579
- Price$ 4,599,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.27 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
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!
| Price History | |
|---|---|
| 5/23/2024 | Listed $4,599,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | MR5 |
| Gas Y/N | On-Site |
| Electric | On-Site |
| Property SubType | Residential |
| Tax Year | 2022 |
| County | Middlesex |
| Property Type | Land |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | On Broadway from Assembly Sq/ Sullivan Sq towards Winter Hill...property is on the left before McGra |
| City | Somerville |
| 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 dilige |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Lot Size Square Feet | 11778 |
| Waterfront Y/N | No |
| Tax Annual Amount | 11579 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Tax Assessed Value | 1772400 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Electric On Property Y/N | Yes |
|---|
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.27 |
| Lot Size Acres | 0.27 |
| Road Surface Type | Paved |
| Road Frontage Type | City Street |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 02145
Price
Taxes
Visits
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
