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$ 13,000,000
Est. payment | /mo
10,454 Sqft Lot
$ 13,000,000
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73493591
HOA Y/N false
Annual Tax Amount $9
Tax Year 2099
Lot Size 10,454 Sqft
Acres 0.24
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.
Location
State MA
County Middlesex
Zoning 9999
Direction Across from Porter Square MBTA Stop on Somerville Ave
Building
Lot Description Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Cushman & Wakefield
Nearby Locations
GET MORE INFORMATION
Steven Steiner
Broker | License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire, 03813, USA