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Expired

176-182 Broadway, Somerville MA 02145

Commercial Sale

FIVE STORY MIXED USE DEVELOPMENT PROJECT. Comprised of 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. 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.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 7:02am (Source: MLS PIN #73090879)

General Information for 176-182 Broadway, Somerville MA 02145

Listing ID73090879

Property TypeCommercial Sale

Price$4,999,900

Style

CitySomerville

CountyMiddlesex

Neighborhood(s)

ZoningMR5

Year Built1967

Disclosures for 176-182 Broadway, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsGenerator

Buyer Agent Compensation2.125

Facilitator Compensation2.125

Compensation Based On

Contact Information for 176-182 Broadway, Somerville MA 02145

Agent

Name: The Steve Bremis Team

Office

Name: Steve Bremis Realty Group

Phone: 617-828-1070

Exclusive Listing Agent

Steve Bremis Realty Group

The Steve Bremis Team

Agent Phone

Office Phone

(617) 828-1070

Text Agent Call Agent Call Office

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EXIT

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