Berkshire Hathaway HomeServices Verani Realty
John Buccelli, Berkshire Hathaway HomeServices Verani RealtyPhone: (781) 248-2545
Email: [email protected]
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listing
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LandFor Sale
$3,190,000
1006 Broadway
Somerville, MA 02144
Courtesy of The Greene Realty Group - Derek Greene
MLS Property Information Network
9,284Sq Ft
Est. Mortgage
$16,566/mo

Attention developers, builders and landlords, amazing By-Right 6 units condo or apartment development opportunity in primary Somerville location 2 blocks from Tufts University, 0.4 miles from Davis Square. The current lot of 9,284 SQFT has been approved to be split to 3 lots. 4 condos and two side by side duplexes. 6 surface parking spaces. Designed by renowned architect Peter Quinn, total buildout allows for about 14,000 SQFT, total sellout projected to up to $10M. No Affordable units required. If you desire to keep the current building, you will have total 12 bedrooms, 5 full baths in a multi-family with about 4,500 SQFT, two car garage, two driveways, 4 more parking, and high ceiling in unfinished basement. A cash cow for rental in the hottest area of Somerville. Condo conversion permit in hand, lot split approved, HPC green lighted the demolition of the current building, building permit well underway. All architectural and structural plans and docs will be transferred to the buyer.

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Information courtesy of The Greene Realty Group is subject to verification and is not guaranteed.
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