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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
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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 |
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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.
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| Building Info |
Office Sq. Ft. 7160
Office Units 4
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Retail Units 0
Resi. Units 0
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Wrhse. Units 2021
Total Units 0
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Total Sq. Footage 0
|
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| Features |
# Restrooms 3
Construction
Stone/Concrete, Frame
Driving Doors 0
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Easements 0
Loading Docks 0
Location Urban, Highway
Access, Public
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Transportation, Corner
Lot, Neighborhood
Parking Open, Paved
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Driveway
Traffic Count 0
Utilities Public Water
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| Financial Info |
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Building Assessed Value $885,100
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Gross Annual Income $134,353
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Land Assessed Value $647,600
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| Additional Information |
21E on File No
Association Info
Association Available?:
No
Deed Book: 12677, Page:
|
191
Disclosure Declaration
No
Exchange No
Foreclosure No
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Lease Yes
Off Market Date 6/15/21
Parcel # M:48 B:C L:2
Short Sale No
Space Available For Sale
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Sublet No
Year Built Source PR
Zone Desc. Legal
Conforming
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click here to view map in a new window
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Property Last Updated by Listing Office: 9/16/21 12:44pm
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Courtesy: MLSPIN
Listing Office: RE/MAX Destiny
Listing Agent: David Lilley
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