366 Broadway, Somerville, Massachusetts 02145

$4,500,000
35
BD
70
BA
7,160
SqFt
List Price
$4,500,000
MLS#
72844921
Bedrooms
35
Full Bathrooms
35
Half Bathrooms
35
Sq. Ft
7,160
Lot Size
13,495
County
Middlesex
Year Built
1975
Status
UNDER AGREEMENT

Property Description

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.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. 1 unit vacant.

Additional Information

Days on Market
13
Taxes
$25,581
Tax Year
2021
Assessment
1532700
Hotwater
Natural Gas
Lot Description
Corner
Parking Spaces
18
Acres
0.31
Price Per Sqft
$628

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of David Lilley from RE/MAX Destiny

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