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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.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. 1 unit vacant.

35
beds

52.5
baths

7,160 Sq.Ft. LIVING AREA

0.31 Acres lot

Features & Amenities

Interior

  • total bedrooms35
  • Total bathrooms52.5
  • full bathrooms35
  • half bathrooms35
  • APPLIANCES Gas Water Heater

Area & Lot

  • Status Sold
  • Living Area7,160 Sq.Ft.
  • Lot Area0.31 Acres
  • MLS® ID72844921
  • TypeMulti-Family
  • YEAR BUILT1975

Exterior

  • STORIES3
  • water SourcePublic
  • lot featuresCorner Lot
  • parkingOff Street
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

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

Work With Us

RE/MAX Destiny is a team of real estate agents who are committed to providing exceptional service to buyers and sellers in Boston, Somerville, and Cambridge. We understand that buying or selling a home is a big decision, and we are here to make the process as smooth and stress-free as possible. We will work with you every step of the way, from finding the perfect home to closing the deal. If you are looking for a real estate agent who is committed to providing exceptional service, then RE/MAX Destiny is the team for you. We are the best in Boston, Somerville, and Cambridge real estate, and we are here to help you achieve your real estate goals.

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