Property Description

RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15,150 (Projected $16,900) / GROSS ANNUAL INCOME $181,800 (Projected $202,800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.

Floor Plans

Size Rooms Bathrooms

Property Details

  • Property Id:72436801
  • Price:$3,200,000
  • Property Type:Commercial Sale
  • Bathrooms Total:
  • Bathrooms Half:
  • Property Lot Size:0.09 acres
  • Land area:230 ft2
  • Year Built:110
  • Available From:110
  • Garages:
  • Sold:Yes
  • City:Somerville
  • Parking:No
  • Property Owner:
  • Zip Code: 02144