Active
176-182 Broadway
Somerville MA, 02145
$4,599,900
$390.55 per sqft
Active
0.27 Acres
Land
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!
73287760
MLSⓇ ID
September 10, 2024
Listed
October 2, 2024
Updated
Map
176-182 Broadway
Somerville MA, 02145
Exterior/Building Features
Lot Size
0.27 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Taxes
$11,579
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
MR5
Courtesy of The Steve Bremis Team,
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Data last updated 1:04 AM UTC, 10/2/2024
