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17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
17 Kensington Avenue
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$2,300,000

17 Kensington Avenue

10,006 Sq.Ft.

Description

Introducing 17 Kensington Avenue in Somerville- your opportunity to raze an existing single story commercial building and construct a new 4 story, 19-unit building in its place. The new building can be built for sale or for rent and the project is designed with 4-5 units per floor and a gross building area of 25,293 sq/ft. The unit mix includes (15) 2 bedroom/2 bath residences and (4) 1 bed/1 bath residences. Four units are to be designated affordable. Most residences have private outdoor space + the plans also call for a common roof deck! The lot is 10,006 sq/ft and is a rectangle with its long side fronting on Kensington Avenue. The property is located on a sleepy side street off of Broadway in a rapidly developing neighborhood w/easy access to shopping + restaurants and is only a half mile from the Assembly Square Orange Line T. The property is offered w/the land, existing building + a full set of architect drawings ready to submit. Make this your next project!

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Location

17 Kensington Avenue, Somerville, MA 02145

Status

For Sale

Property Amenities

Area & Lot
Lot Area 10,006 Sq.Ft.
MLS® ID 73474968
Type Commercial
Status For Sale
Exterior
Water Source On-Site
Sewer On-Site
Lot Features Level, Sidewalks
Finance
Sales Price $2,300,000
Real Estate Tax $13,891 yearly
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Schedule a Showing

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Thank you for your interest in 17 Kensington Avenue, Somerville, MA 02145. We are reviewing your request and will be in touch shortly!

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Somerville

Located just north of Boston and next to Cambridge and has a population of about 77,000.

Let’s Talk Real Estate

The Residential Group at William Raveis Real Estate is a team of experienced agents, specializing in the sale of urban dwellings and new construction/renovation properties in Metropolitan Boston. They are consistently ranked among the top sales teams at William Raveis Real Estate and top teams in all of Massachusetts.