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SEE ALL PHOTOS
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Sold

366 Broadway

366 Broadway, Somerville, MA 02145

$3,600,000
Somerville Winter Hill Rare Offering of a by right 35 unit residential development project. Currently used as a medical offices by FOUR tenants and has potential to be divided into EIGHT units. Located in a neighborhood business district please see new zoning for MR4 zone for possibility of developing into 35 residential units The property has potential for a variety of uses. Tenants and their clients enter directly off Broadway through a nicely tended landscape and foyer, and have direct access out the rear door to a large parking lot located directly behind the building. One of the units is currently vacant and was recently occupied by a large, successful dental practice that is relocating late this year. Buyer must do own due diligence. Seller makes no representations but believes that a 35 unit residential Development can be built at this site. Please do your own due diligence on the Development prospect of this amazing property. Please see analysis attached here.

3
baths

0.31 Acres lot

Features & Amenities

Interior

  • Total bathrooms3

Area & Lot

  • Status Sold
  • Lot Area0.31 Acres
  • MLS® ID72829223
  • TypeCOMMERCIAL
  • YEAR BUILT1970

Exterior

  • utilitiesPublic Water

Financial

  • Sales Price$3,600,000
  • Real Estate Tax $25,581/yr
  • Zoning RC

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