142 Cross Street presents a unique opportunity to acquire a stand-alone commercial property in the highly sought-after MR3 zone of Somerville. Ideally situated just a short distance from the East Somerville Green Line Station, this location offers exceptional access to Downtown Boston, Cambridge, and key development hubs including Boynton Yards and Union Square. With numerous large-scale projects transforming the area, this property is poised for significant future growth and potential.Historically used as a bar and restaurant, the building offers a versatile layout that can accommodate a variety of uses. According to Somerville's zoning regulations, the property is eligible for numerous permitted uses, including but not limited to: bar, restaurant, bakery, café, pet grooming, general office, daycare, body art services, and food market/grocery store. A complete list of permitted uses is available upon request. Great opportunity to expand your business or invest in the area!
142 Cross, Somerville, (Brickbottom-Inner Belt), MA, 02145
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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