Price Reduced 13.04%

$3,999,900

Est. Mortgage $19,963/mo *

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176-182 Broadway, Somerville, MA, 02145

176-182 Broadway, Somerville, MA, 02145
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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!

Status:

Active

Type:

Lot / Acreage

Zoning:

MR5

Acreage:

0.27

Est. Taxes:

$11,579

Assessment

$1,772,400

Lot Description:

Level

Amenities:

Public Transportation, Highway Access, T-Station, University

MLS #:

73287760

Facilitator Compensation:

2.125%

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of The Steve Bremis Team, Steve Bremis Realty Group