DEVELOPABLE 5 STORY MIXED USE PROJECT WITH UP TO 37 UNITS. Incl 2 parcels w/ over 11,000 sq ft of lnd, 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!
Property Details
Property Features
Listing Office:
Office Name: Steve Bremis Realty Group
Office Phone: (617) 828-1070
Listing Agent: The Steve Bremis Team
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.27 Acres
Other
Directions Information:
Directions: On Broadway from Assembly Sq/ Sullivan Sq towards Winter Hill...property is on the left before McGra
Price Information
Listing Price Info
Price Summary:
List Price: $4,599,900
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Housing Market Comparison
See how this home compares to others in Somerville, MA.
This property is $3.5M more than the Median Sold Price in Somerville, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73287760
Listing Office:
Office Name: Steve Bremis Realty Group
Office Phone: (617) 828-1070
Listing Agent: The Steve Bremis Team
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
King Open
850 Cambridge St
Distance between this listing and this school1.17 miles
Public District Grades PK-5
5
/10
Kennedy-Longfellow
158 Spring St
Distance between this listing and this school1.21 miles
Public District Grades PK-5
5
/10
Harvard / Kent Elementary School
50 Bunker Hill St
Distance between this listing and this school1.22 miles
Public District Grades PK-5
Nearby Schools
3
/10
E Somerville Community
50 Cross St
Distance between this listing and this school0.44 miles
Public District Grades KG-8
7
/10
Warren / Prescott K-8 School
50 School St
Distance between this listing and this school0.87 miles
Public District Grades PK-8
4
/10
Winter Hill Community
115 Sycamore St
Distance between this listing and this school1.15 miles
Public District Grades PK-8
Nearby Schools
1
/10
Full Circle High School
11 Otis St
Distance between this listing and this school0.50 miles
Public District Grades 9-12
1
/10
Charlestown High School
240 Medford St
Distance between this listing and this school0.94 miles
Public District Grades 9-12
4
/10
Somerville High School
81 Highland Ave
Distance between this listing and this school0.99 miles
The neighbors living near this home have an average income of $59,890. The most common annual income of people living in Somerville, MA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 176-182 Broadway
What is the listing price of this property?
The listing price of 176-182 Broadway property is $4,599,900.
What type of property is this?
The property 176-182 Broadway is land located in Somerville, Massachusetts, 02145.
Is this property for sale now?
Active Listing: 176-182 Broadway is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 176-182 Broadway in Somerville, MA and zip code 02145 in the East Somerville neighborhood. This home sits on a 0.27 acre lot. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $4,599,900.
In October 2024, from all listings sold in Somerville, MA there were more than 12 sold above asking price, over 23 sold below and more than 5 were sold right at the asked price. In October 2024 in Somerville, MA there were 8.5% more homes for sale than in September 2024. While the average time on the market in October 2024 was 39 days, the median list price was $1,098,130.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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