Active

176-182 Broadway

Somerville MA, 02145

$4,599,900


Active

99 Beds

198 Baths

Multi-family

Built in 1967

DEVELOPABLE FIVE STORY MIXED USE DEVELOPMENT PROJECT. Possible 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 lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. ZONED MR5. 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!

73242046

MLS ID

May 23, 2024

Listed

July 14, 2024

Updated

Map

176-182 Broadway
Somerville MA, 02145

Interior Features

Total Stories

5


Bedrooms

99


Total Bathrooms

198


Full Bathrooms

99


Half Bathrooms

99


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.27 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$11,579


Tax Frequency

Annually


Days on Market

39


Garage

No


Parking

Paved Drive, Off Street


Parking Total

20


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

MR5

 

Courtesy of The Steve Bremis Team,

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Data last updated 6:14 AM UTC, 7/14/2024

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