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366 Broadway
Somerville, MA. 02145-2812

Middlesex County
Area: Winter Hill

Directions: On Broadway At The Corner Of Broadway And Thurston

MLS # 72829223 - Under Agreement
Commercial/Industrial Office

List Price $4,500,000 Zoning RC
List Date   Lot Size 13,495SF
Sale Price   Est. Street Front 0
Sold Date   Depth 0
Assessed Value $1,532,700 Waterfront  
Days on Market   Taxes $25,581.00
Square Footage 0 Tax Year 2021
# Units 0 Parking Spaces 18
Remarks:
Somerville Winter Hill Rare Offering of a by right 35 unit residential development project. Currently used as a medical offices by FOUR tenants and has potential to be divided into EIGHT units. Located in a neighborhood business district please see new zoning for MR4 zone for possibility of developing into 35 residential units The property has potential for a variety of uses. Tenants and their clients enter directly off Broadway through a nicely tended landscape and foyer, and have direct access out the rear door to a large parking lot located directly behind the building. One of the units is currently vacant and was recently occupied by a large, successful dental practice that is relocating late this year. Buyer must do own due diligence. Seller makes no representations but believes that a 35 unit residential Development can be built at this site. Please do your own due diligence on the Development prospect of this amazing property. Please see analysis attached here.
Building Info
Office Sq. Ft.   7160
Office Units   4
Retail Units   0
Resi. Units   0
Wrhse. Units   2021
Total Units   0
Total Sq. Footage   0
Features
# Restrooms   3
Construction  
   Stone/Concrete, Frame
Driving Doors   0
Easements   0
Loading Docks   0
Location   Urban, Highway
   Access, Public
   Transportation, Corner
   Lot, Neighborhood
Parking   Open, Paved
   Driveway
Traffic Count   0
Utilities   Public Water
Financial Info
Building Assessed Value   $885,100 Gross Annual Income   $134,353 Land Assessed Value   $647,600
Additional Information
21E on File   No
Association Info  
   Association Available?:
   No
Deed   Book: 12677, Page:
   191
Disclosure Declaration  
   No
Exchange   No
Foreclosure   No
Lease   Yes
Off Market Date   6/15/21
Parcel #   M:48 B:C L:2
Short Sale   No
Space Available   For Sale
Sublet   No
Year Built Source   PR
Zone Desc.   Legal
   Conforming

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Property Last Updated by Listing Office: 6/15/21 8:23am

Courtesy: MLSPIN

Listing Office: RE/MAX Destiny Listing Agent: David Lilley


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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.