114 Broadway

    Somerville, MA 02143
    • $1,249,900
    • STATUS: Price Changed
    • MLS #: 72331951
    Price Reduced
    UPDATED: 130 min ago
    $1,249,900
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1906
    County:
    Area:

    School Ratings & Info

    Listing courtesy of The Steve Bremis Team of Bremis, James J. Inc..

    Description

    WALK TO SULLIVAN SQ ORANGE LINE AND ASSEMBLY ROW...Exceptional investment opportunity w/ up to 12 individual offices for rent. Great investment property with a tremendous upside for possible development potential or restaurant! FUTURE CONDO CONVERSION POSSIBILITIES could include potential mixed use dvlpmnt w/ RETAIL & RESIDENTIAL...FAR of up to 3. Current use is TWO ON STREET RETAIL SPOTS in front w/10 addtnl private individually rented offices thereafter. Total Gross Monthly is $6,500 with a Gross Annual Rent of $78,000 (which does NOT include 2 vacancies). TOTAL PROJECTED RENTS APPROX $8200 monthly. ALL are TAW'S BELOW MARKET. Favorably Zoned as TOD (Transit Oriented Development) Possibly buildable up to 5 stories. Possible federal monies for improvements. SELLER WILL NOT TAKE OFFERS CONTINGENT ON APPROVALS. Listing agent does NOT assume accuracy of the statements made herein and BUYERS MUST DO THEIR OWN DUE DILIGENCE. Property CAN BE DELIVERED VACANT/SHORT TERM OWNER FINANCING

    Monthly Payment Calculator



    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-10-20T23:47:27.93.
    www.refinderma.com/homes/83836524

    114 Broadway Somerville, MA 02143

    • Price: $1,249,900
    • Status: Price Changed
    • Updated: 130 min ago
    • MLS #: 72331951
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1906
    Built
    Neighborhood:
    Other
    County:
    Middlesex
    Area:
    Other
    Property Description
    WALK TO SULLIVAN SQ ORANGE LINE AND ASSEMBLY ROW...Exceptional investment opportunity w/ up to 12 individual offices for rent. Great investment property with a tremendous upside for possible development potential or restaurant! FUTURE CONDO CONVERSION POSSIBILITIES could include potential mixed use dvlpmnt w/ RETAIL & RESIDENTIAL...FAR of up to 3. Current use is TWO ON STREET RETAIL SPOTS in front w/10 addtnl private individually rented offices thereafter. Total Gross Monthly is $6,500 with a Gross Annual Rent of $78,000 (which does NOT include 2 vacancies). TOTAL PROJECTED RENTS APPROX $8200 monthly. ALL are TAW'S BELOW MARKET. Favorably Zoned as TOD (Transit Oriented Development) Possibly buildable up to 5 stories. Possible federal monies for improvements. SELLER WILL NOT TAKE OFFERS CONTINGENT ON APPROVALS. Listing agent does NOT assume accuracy of the statements made herein and BUYERS MUST DO THEIR OWN DUE DILIGENCE. Property CAN BE DELIVERED VACANT/SHORT TERM OWNER FINANCING
    Exterior Features

    Construction Brick Parking Spaces 0 Stories 1

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 1500.00 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 290500.00 Assessed Value Land 274300.00 Assessed Value Total 564800.00 Commercial Industrial Type Commercial Condo Association No Disclosure No Disclosures Buyers And Their Agents Must Do Their Own Due Diligence. Seller And Agent Are Not Liable For The Accuracy Of The Development PotentialNumber Of Units Or Attainable Future Buildable Sq Ft Of This Property. Building Interior Has Not Been Measured And Interior Sq Ft Is Not Considered Accurate. Exchange No Lease No Lender Owned No Mau Units 0 Ofu Units 10 On File21 E Yes Reu Units 2 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2018 Taxes 10285.01 Total Units 12 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Non-Conforming Zoning Commercl

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of The Steve Bremis Team of Bremis, James J. Inc..


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-10-20T23:47:27.93.
     
    Exit Realty
    191 South Main Street
    Middleton MA, 01949
    Listing courtesy of The Steve Bremis Team of Bremis, James J. Inc..