DEVELOPABLE FIVE STORY MIXED USE DEVELOPMENT PROJECT. SELLER WILL NOT WAIT FOR BUYER TO RECEIVE PROJECT APPROVALS. Possible 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 lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. ZONED MR5. 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. 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!
0.27 Private Acres Lot Size
Investment
$11,579 Annual Tax
Built in 1967
MLS/Listing ID 73443438
5 Stories
5 Units
Community - T-Station
Construction - Frame
Construction - Brick
Stone
Parking - Paved
Parking - Off Street
Community - Public Transportation
Community - Shopping
Community - Highway Access
Community - House of Worship
Community - Public School
Source of Data: MLS PROPERTY INFORMATION NETWORK
TOTAL MONTHLY COST
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