371 Highland AveSomerville, MA 02144

  • Gas stations
  • 1,356 SF
For Sale
$5,500,000 View listing

Property Details for 371 Highland Ave

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.19 AC
Property size (Sq ft)
1,356 SF
Zone code
CBD
Property type
Gas stations
APN
SOME M:24 B:F L:5
APU
SOMEM24BFL5

Description

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.

371 Highland Ave, Somerville, Massachusetts

Location Insight

City
Somerville
County
Middlesex
State
Massachusetts
Latitude
42.395
Longitude
-71.1183
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,611
$938,000
$139,500
$1,077,500
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