176-182 BroadwaySomerville, MA 02145MLS Number 73090866

  • Price: $4,999,900
  • Est. Mortgage of $/month
  • 194 Days on Market
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Federal 30-year interest rate: 7.31% last updated on Sep 28, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145176-182 Broadway Somerville MA 02145
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  • 0.27Acreage
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.
Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

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Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Lot Features Level, Sidewalks
  • Mls StatusActive

Location

  • Address176-182 Broadway
  • Building Number176-182
  • CountyMiddlesex
  • StateMA
  • StreetBroadway
  • TownSomerville
  • Zip02145

Other

  • Buyer Agency Compensation2.125
  • Date Listed03/23/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation2.125
  • View Count9

Tax Information

  • Tax Assessed Value $1,772,400
  • Tax Year 2022
  • Taxes$11,579

Building

  • Building Area Units Square Feet

Property Information

  • Lot Size Square Feet 11,778
  • Lot Size Units Acres

Basic Information

  • List Price$4,999,900
  • MLS Number73090866
  • Modification Date08/30/2023

Property

  • Acreage0.27

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas On-Site
  • Sewer Public Sewer
  • Water Source Public
Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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