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 Gilman Square Green line extension stop as well as several MBTA bus routes. The Green Line Extension project is completed and connects 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.
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Location
125 Highland Ave, Somerville, MA 02143
Status
For Sale
Property Amenities
Area & Lot
Lot Area0.41 Acres
Living area17,960 Sq.Ft.
MLS® ID73341975
Year Built1917
TypeCommercial
StatusFor Sale
Exterior
UtilitiesPublic Water, Public Sewer
Finance
Sales Price$2,500,000
Real Estate Tax$23,092 yearly
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