176-182 Broadway

Somerville, MA 02145

$4,599,900
Price
11,778 / 0.27
Lot Size / Acres
a view of street
a building with trees in front of it
a view of a building with a street
a front view of a building with many windows
a view of a city
an aerial view of multiple houses
a view of a building with a large tree
a view of a city street with a building
a view of a building with a yard
a view of building with street
a building with a clock on the top
an ocean view with tall buildings
an aerial view of a city with lots of residential buildings
a building with trees in front of it
a view of a house with a snow in the background
a view of a house with a yard and garage
a view of a city
an aerial view of residential houses with outdoor space
an aerial view of a city
a view of a city
an aerial view of residential houses with city view
a car parked on the side of a street
a sign that is on a tree

Description

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...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!
  1. Listed by The Steve Bremis Team • Steve Bremis Realty Group
  2. Listed by Stephen Bremis • Steve Bremis Realty Group

Property Details for 176-182 Broadway

Town
Somerville
Area
MA-Somerville
LISTING UPDATED: 09/17/2024 09:26 AM

Property Details for 176-182 Broadway

StatusActive
MLS #73287760
Days on Market72
Taxes$11,579 / year
HOA Fees-
Compass TypeLand
MLS TypeLand / Residential
Year Built-
CountyMiddlesex County

Building Information for 176-182 Broadway

Lot Size0.27 AC

Property Information for 176-182 Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Highway Access, T-Station, University
  • Waterfront: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Lot Description: Level
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: On-Site
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Both properties vacant. Seller does not warrant operability of any utilities. Zoned MR5. Broker does not assume accuracy for ANY information expressed herein. Buyers need to do their own due diligence. Buyer is responsible for any and all costs associated with obtaining approvals
Tax Information
  • Assessments: $1,772,400
  • Book: 1449
  • Tax Year: 2022
  • Zoning: MR5
Building / Association Information
Complex & Association Information
  • Adult Community: No
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.125
  • Other Agent Compensation: 2.125

Property History for 176-182 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 176-182 Broadway

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
E Somerville Community
Public - PK to 8
Next Wave Junior High School
Public - 7 to 8
Somerville High School
Public - 9 to 12
Full Circle High School
Public - 9 to 12
Rating
School
Distance
E Somerville Community
PublicPK to 8

Next Wave Junior High School
Public7 to 8

Somerville High School
Public9 to 12

Full Circle High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 176-182 Broadway, Somerville, MA 02145

176-182 Broadway is a 0.27 ac of land for sale in Somerville, MA 02145. This property was listed for sale on September 10, 2024 by Steve Bremis Realty Group, it's currently listed at $4,599,900. This listing's school district is Somerville School District. Nearby schools include E Somerville Community, Next Wave Junior High School and Somerville High School. 176-182 Broadway is a 0-bed, 0-bath, 0.27 ac of land on a 11,778 sq. ft. / 0.27 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Steve Bremis Realty Group, The Steve Bremis Team; Steve Bremis Realty Group, Stephen Bremis

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.