$4,599,900
176-182 Broadway Somerville, MA 02145
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$4,599,900
Est. payment /mo
0.27 Acres Lot
Active
176-182 Broadway Somerville, MA 02145
UPDATED:
09/17/2024 01:22 PM
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73287760
HOA Y/N false
Annual Tax Amount $11,579
Tax Year 2022
Lot Size 0.270 Acres
Acres 0.27
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!
Location
State MA
County Middlesex
Zoning MR5
Direction On Broadway from Assembly Sq/ Sullivan Sq towards Winter Hill...property is on the left before McGra
Exterior
Community Features Public Transportation, Highway Access, T-Station, University
Waterfront false
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Steve Bremis Realty Group
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