Eco Friendly
Address
453 Somerville Avenue Somerville, MA
Price
$ 1,795,000
Property Attributes
  • MLS#72711935
  • TypeLand
  • CountyMIDDLESEX
  • CitySomerville
  • AreaUnion Square
  • Zip02143
  • StyleLevel
  • Year Built1930
  • Taxes9893
  • Price$ 1,795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Robert Levine with Ronco Realty LLC.
Property Description

A Rare Real Estate Investment Opportunity to purchase this parcel in hot Union Square of Somerville. Located across the street from the GreentownLab. The building can be used as: Marijuana Cultivation, Shared Office Space, Daycare, Catering,The parcel is zoned flex / fabrication office.The parcel contains approximately 5,000 sqft. Suitable for architect firm, engineers, scientists, innovators, creative professionals. Zoning allows 4 stories that could be built up between 12,000 to 16,000 sqft. See attached zoning page. Performa (commercial): $35 to 40 sqft triple net, 16,000 x $35= $560,000 triple net revenue yearly. A 5% cap gives an appraised value north of $11M, cost to build $300 per sqft $4.8M. Owner also believes that approximately 10,000 of residential use is also feasible with five units condo or rental. Also suitable for 40B project. See attached rendering.

Price History
8/19/2020 Listed $1,795,000

General Features

Electrical Equipment/Features On-Site
Sewer Public
State Massachusetts
Water Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 02143

Price
AVG $1.8M
$1.8M
Taxes
AVG $9,893
$9,893
Visits
AVG 34
33
Year Built
AVG 1930
1930
Walkscore
AVG 97
97
Data Provided by Walkscore ® not using MLS data

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