Address
125 Highland Ave, Somerville, MA
Price
$ 4,800,000
Property Attributes
  • MLS#72751064
  • TypePending
  • CountyMIDDLESEX
  • CitySomerville
  • AreaSpring Hill
  • Zip02143
  • StyleCommercial
  • Year Built1917
  • Taxes$ 23091
  • Price$ 4,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17960
  • Lot Size0.41 Acres
Data Source:
MLSPIN Pending - For Use With DASHCMA Only
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.

Price History
1/11/2021 Listed $4,800,000

General Features

Utilities Public Water,Public Sewer
Zoning RC
Year Built 1917
Tax Year 2020
Business Type Commercial
County Middlesex
Property Type Commercial Sale
HOA / Comm Assn No
Contingency Pending P&S
Status Under Agreement
Directions google maps
City Somerville
Disclosures Sellers make no disclosures. Property is delivered as is.
Senior Community Y/N No
Zoning Description Other (See Remarks)
MLS Area Spring Hill
Lot Size Square Feet 18045
Waterfront Y/N No
Street Name Highland Ave
Tax Annual Amount 23091.97
Home Warranty Y/N No
Building Area Units Square Feet
Standard Status Pending

Exterior Features

Total Parking 10
Lot Size Area 0.41
Building Area Total 17960
Lot Size Acres 0.41
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 02143

Price
AVG $850K
$4.8M
Taxes
AVG $55,789
$23,091
Visits
AVG 5
37
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1917
Walkscore
AVG 93
91
Data Provided by Walkscore® not using MLS data

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