21 Washington Street, Somerville, Massachusetts 02143

$3,500,000
1,497
SqFt
List Price
$3,500,000
MLS#
72844775
Sq. Ft
1,497
Lot Size
3,512
County
Middlesex
Year Built
1925
Status
ACTIVE

Property Description

A rare redevelopment opportunity in East Somerville is awaiting an investor! These Mixed Use Mid-Rise 3 level zoned properties have the potential for 4-8 residential condos and 2-4 ground story commercial units. Currently a two story building with commercial on the first floor and a residential apartment above located next to a 2360 sq ft vacant lot located on Mount Vernon Street. Build right in the mist of this up and coming area, located just 0.5 miles away from the Orange Line - Sullivan Square Station, Gilman Square Station is only 1 mile and the long awaited GLX Station is only 0.4 miles away!! Encore Casino is a mere 1.6 miles away, with the Holiday Inn directly across the street. Easy highways access - I90 and 93, Mass General Brigham, Assembly Square, Schrafft Building, Hood Park, Bunker Hill CC, etc etc. Possible variance to increase stories to MR4, zoning map attached.

Additional Information

Days on Market
13
Taxes
$6,424
Tax Year
2021
Parking Spaces
10
Acres
0.08
Price Per Sqft
$2,338
Disclosures
To be sold with 97 Mount Vernon St, vacant lot consisting of 2360 sq ft also zoned Mid-Rise 3. Taxes & acres combined above. Both properties to be sold 'as is' 'as seen' 'where is', seller/broker make no warranties or representations. Buyer/agent to do their own due diligence.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cynthia Phillips from Phillips Premier Properties, LLC

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