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Commercial Real Estate For Sale
114 Broadway
Somerville, Massachusetts 02143
WALK TO THE SULLIVAN SQ ORANGE LINE STATION AND ASSEMBLY ROW...Exceptional investment opportunity with up to 12 individual offices... You can own a great investment property with a tremendous upside and development potential! FUTURE CONDO CONVERSION POSSIBILITIES which could include a potential mix use development with retail and residential. FAR (Floor to Area Ratio) of up to 3. Current use is two retail spots in the front and additional private individually rented offices. Fully rented Total Gross Monthly is $7,155 with a Gross Annual Rent of $157,440. Favorably Zoned as TOD or for Transit Oriented Development ... possibly buildable up to 5 stories and potential federal monies available for improvements.
$1,399,900.00
MLS#:72116373
Listing Office:Bremis, James J. Inc.
Listing Agent:The Steve Bremis Team
Office Phone:(617) 623-2500
Address: 114 Broadway
City:Somerville
State:Massachusetts
ZIP Code:02143
Property Type:Commercial/Industrial
Lot Size:3049.00
Year Built:1906
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