176 Broadway - Commercial LAND FOR SALE


Somerville, MA 02145 11,761 SF
$4,599,900 USD
617-828-1070
176 Broadway, Somerville, MA for Sale
$4,599,900 USD
Commercial LAND - FOR SALE
1/3
11,761 SF

176 Broadway
Somerville, MA 02145


HIGHLIGHTS

  • POTENTIAL FIVE STORY MIXED USE DEVELOPMENT PROJECT
  • Includes 2 parcels w/ over 11,000 sq ft of land, being sold as a package
  • TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building
  • Potential to build 28-37 units.

OVERVIEW

POTENTIAL FIVE STORY MIXED USE DEVELOPMENT PROJECT. Includes 2 parcels w/ over 11,000 sq ft of land, being 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. Special 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!

FOR SALE DETAILS

PRICE

$4,599,900 USD

PRICE/ACRE

$17,036,956/AC

PRICE/SF

$391 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.27 AC

LAND SF

11,761 SF

OFFSITE IMPROVEMENTS

-

ZONING

MR5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steve BremisSteve Bremis Realty GroupMore Info
617-828-1070

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Steve BremisSteve Bremis Realty GroupMore Info
617-828-1070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.