Investors, builders, & developers take notice on 7 Washington St! There is not a better opportunity to purchase and develop in a bustling area of Somerville! The property is currently a tenanted single-family on an MR-4 zoned lot allowing for 4 story development BY RIGHT. Whether condominiums, multi-family, or income investment this location is prime and ready to go. Highly accessible to all transportation, less than .4 miles to the green line extension, minutes to Sullivan Sq, Union Sq, & Rt 93. Only 2 miles to Boston’s North End and just 1 mile to Assembly Row and Encore Casino, endless dining and city life is right around the corner! Seller currently has ZBA Approved Plans for up to 10 Units that can be progressed or amended if buyer so desires, however the opportunities are abundant so bring your creativity. Perfect scenario to come collect rent as you plan your next move! Buyer and/or buyer's agents/representatives to do their own due diligence. Don’t miss this opportunity!
| MLS Listing ID: | 73340637 |
|---|---|
| Listing Price: | $1,390,000 |
| Listing Status: | Active [?] |
| Neighborhood: | East Somerville |
| Property Type: | Multi Family |
| Bedrooms: | 17 |
| Full Baths: | 12 |
| Living Space: | 10537 sf. |
| Lot Size: | 0.07 acres (3262 sf.) |
| Parking: | - |
| Taxes: | $8,399.00 |
| Tax Year: | 2024 |
Listing Current as of March 27, 2025 12:00am
This listing brought to you by Piantidosi Group of Coldwell Banker Realty - Andovers/Readings Regional.
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