For Sale
$5,500,000

371 Highland AveSomerville, MA 02144

23-Unit Residential Project, Permit Ready

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 8,127 sq ft lot in Somerville, MA (Middlesex County, zip code 02144) presents a prime development opportunity. Located at 371 Highland Ave, near Davis Square, this permit-ready project allows for the construction of a 23-unit residential building with 13 below-grade parking spaces, totaling 30,050 gross square feet. The property's convenient location offers easy access to Davis Station, a vibrant array of restaurants and shops, making it highly attractive to potential residents. This development presents a unique chance to build and sell individual condo units or establish a high-value rental property. The property is being offered as-is. All offers are due April 27th, 2023, at 12:00 PM. The seller reserves the right to accept or reject any offer. Due diligence materials are available upon request. Asking price is $5,500,000.

Highlights

  • 8,127 SF lot in Somerville, MA (02144), located at 371 Highland Ave, near Davis Square.
  • Permit-ready for a 23-unit residential building with 13 below-grade parking spaces, totaling 30,050 GSF.
  • Excellent location near Davis Station, restaurants, and shops.
  • $5,500,000 asking price; offers due April 27th, 2023, at 12:00 PM.
  • As-is sale; due diligence materials available upon request.

Property Details for 371 Highland Ave

Property type
Land

Location Insight

City
Somerville
County
Middlesex
State
Massachusetts
Latitude
42.394789501521
Longitude
-71.118411957605
371 Highland Ave, Somerville, Massachusetts

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371 Highland Ave
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