LOT SIZE 0.240 acres
MLS#73493591
STATUSActive
PROPERTY TYPELand - Lot/Land
Property Description
Presenting 815 Somerville Avenue, an exceptional redevelopment opportunity located in the heart of Porter Square, Cambridge, Massachusetts. 815 Somerville Ave is a three-story brick building comprised of 27,824 gross square feet and18 garage parking spaces. The building is situated on a 10,442 square foot parcel and sits within the Massachusetts Avenue District ?? a new zoning district that allows up to 12 stories of residential use by-right. The property is located across the street from the MBTA Porter Square Station (Red Line), providing direct access to Harvard, MIT, Kendall Square and Downtown Boston within minutes. Exceptionally located and surrounded by amenities, cultural activities and demand drivers, 815 Somerville Ave presents investors with a multitude of alternative use and value-creation opportunities, including ground up redevelopment for residential use, re-tenanting the existing office space, or utilizing the in-place approvals to retrofit the building for lab/R&D use.
Property Features
Property Type: Land - Lot/Land
Lot Size: 0.24 Acres
Taxes: $9
Feature Descriptions
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 71
Electric: On-Site
Electric On Property: Yes
Lot Features: Other
Rental Term: Monthly
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: Cushman & Wakefield
Agent Name: Christopher Sower
Agency Phone: 617-330-6966
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 32,724.78 per month $28,932.36 Principal & Interest $0.75 Property Tax $3,791.67 Homeowner's Insurance
815 Somerville Ave | MLS# 73493591
This land located at 815 Somerville Ave, Cambridge, MA 02140 is currently listed for sale with an asking price of $13,000,000. The property has approximately 0.24 Acres. Search Cambridge real estate on www.masiellogrouprealestate.com today.