8
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$4,800,000
Est. payment /mo
17,960 SqFt
Under Contract
125 Highland Ave Somerville, MA 02143
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Key Details
Property Type Commercial/Industrial
Sub Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 17,960 sqft
Price per Sqft $267
MLS Listing ID 72751064
Year Built 1917
Annual Tax Amount $23,091
Tax Year 2020
Lot Size 0.414 Acres
Property Sub-Type Commercial
Property Description
An exceptional opportunity to acquire 125 Highland Ave, which is a rare redevelopment opportunity in Somerville, Ma. This 17,960 sq ft building sits on a 18045 sq ft lot which is approx. 170 ft by 106 ft. It's location is 3 miles from Boston proper & conveniently within blocks (.4mi) of the future Gilman Square Green line extension stop as well as several MBTA bus routes. The Green Line Extension project is expected to be completed in early 2020 and will further connect Somerville to all of Boston. In addition to the ease of access to Boston, the property is less than a mile from Union Square which is currently undergoing one of the largest redevelopment projects in Greater Boston and includes 2.4mil sq ft of new transit oriented development. With several million square feet new mixed use developments w/in 2 miles of this address, the need to revitalize this parcel has come. Residential, Commercial, & Institutional uses can all benefit from this address. More info avail upon request.
Location
State MA
County Middlesex
Area Spring Hill
Zoning RC
Exterior
Parking Features 1-10 Spaces, On Site
Utilities Available Public Water, Public Sewer
Total Parking Spaces 10
Building
Story 3
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Listed by Berkshire Hathaway HomeServices Warren Residential