Active

1006 Broadway

Somerville MA, 02144

$3,190,000


$343.60 per sqft

Active

0.21 Acres

Land

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.

73156094

MLS ID

September 6, 2023

Listed

March 25, 2024

Updated

Map

1006 Broadway
Somerville MA, 02144

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Elevated, Corner Lot


Sewer

Public Sewer

Other Property Details

Taxes

$15,334


Tax Frequency

Annually


Garage

No


View

Yes


View Description

City


County

Middlesex


Water Source

Public


Pool

No


Zoning

NR


Buyer Agency Compensation

2.5%

 

Courtesy of Derek Greene,

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Data last updated 7:07 PM UTC, 3/25/2024

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