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Amazing opportunity to acquire land in highly desirable Somerville location with by-right ability to build a 28-unit project. New owner responsible for acquiring permit from city. Immersed within a highly walkable, dynamic, Mid-Somerville hot spot, this will be the epitome of urban living. By right, 8 Studios, 6 One Bedrooms, and 14 Two Bedrooms are allowed. This is in addition 12 Underground Parking Spaces, 36 Bike Spaces, and a Roof Deck. Situated right on the ever-popular Minuteman Man Bike Path, this location provides immediate access to all points Somerville, Cambridge, and Boston via the Davis Sq MBTA Red Line station and the soon to be completed Magoun Sq Green Line station. One look on the map will show you just how close Harvard and MIT really are, as well as Life Science centers Kendall Sq and Union Sq. In addition, the Minuteman Bike Bath is due to be extended to directly reach Boston over the next few months.

MLS Listing ID: 72911268
Listing Price: $4,999,000
Listing Status: Active [?]
Neighborhood: Davis Square
Property Type: Multi Family
Bedrooms: 42
Full Baths: 42
Living Space: 26942 sf.
Lot Size: 0.23 acres (10018 sf.)
Parking: Yes
Taxes: $15,896.00
Tax Year: 2021

Listing Current as of May 24, 2022 12:00am

This listing brought to you by David Lilley of RE/MAX Destiny.

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