Listing ID73089799
Price$4,999,900
StatusActive
Bedrooms99
Total Baths198
Full Baths99
Partial Baths99
SqFt
9,999
Acres
0.270
CountyMiddlesex
Year Built1967
Property TypeResidential Income
Property Sub Type5+ Family - 5+ Units Up/Down
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!
Half Baths
99
County
Middlesex
Property Sub Type
5+ Family - 5+ Units Up/Down
Property Type
Residential Income
Year Built
1967
Bathrooms Total Decimal
148.5
Building Area Units
Square Feet
Living Area
9999
Rooms Total
99
Stories Total
5
Construction Materials
Frame, Brick
Farm Land Area Units
Square Feet
Foundation Details
Stone
Lot Size Area
0.27
Lot Size Square Feet
11778
Lot Size Units
Acres
Number Of Units Total
5
Open Parking
1
Parking Features
Paved Drive, Off Street
Parking Total
20
Road Frontage Type
Public
Sewer
Public Sewer
Water Source
Public
Building Area Source
Other
Community Features
Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station
Country
US
Directions
On Broadway from Assembly Sq/ Sullivan Sq towards Winter Hill...property is on the left before McGra
Waterfront
no
Zoning
MR5
Lead Paint
Unknown
Listing Alert
No
Mls Status
Active
Offline List Number
3561220
Page
95
SqFt Disclosures
Living area is NOT accurate
SqFt Includes Basement
No
Team Member
B0446085,TM311803
Year Built Details
Approximate
Year Built Source
Public Records
Buyer Agency Compensation
2.125
Compensation Based On
Net Sale Price
Disclosure
N
Disclosures
Both properties vacant. Seller does not warrant operability of any utilities. Zoned MR5
Down Payment Resource
No
Lease 1
N
Lease 2
N
List Price Per SqFt
500.04
Price Per SqFt
500.04
Sub Agency Offered
No
Tax Annual Amount
11579
Tax Assessed Value
1772400
Tax Book Number
1449
Tax Year
2022
Transaction Broker Compensation
2.125
Schedule a Showing - Listing ID 73089799
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