Sales
Office: 617-440-5553
176-182 Broadway, Somerville
$4,999,900
99 Beds
148½ Baths
9,999 Sqft
.27 Acres
0 Garages
POTENTIAL FIVE STORY MIXED USE DEVELOPMENT PROJECT. Includes 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!
Essential Information
MLS® #73089799
Price$4,999,900
Bedrooms99
Bathrooms148.50
Full Baths99
Half Baths99
Square Footage9,999
Acres0.27
Year Built1967
TypeResidential Income
Sub-Type5+ Family - 5+ Units Up/Down
StatusActive
Community Information
Address176-182 Broadway
CitySomerville
CountyMiddlesex
StateMA
Zip Code02145
Amenities
Parking Spaces20
ParkingPaved Drive, Off Street
Interior
# of Stories5
Additional Information
ZoningMR5
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Agent: The Steve Bremis Team Office: Steve Bremis Realty Group
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