115 Willow AveSomerville, MA 02144

Property Details for 115 Willow Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

8,096 SF

Zone code

RC

Property type

Office buildings

APN

SOME M:28 B:I L:2

APU

SOMEM28BIL2

Description

This exceptional investment opportunity presents a substantial 8,096 square foot building situated at 115 Willow Avenue in Somerville, Massachusetts. Located just a short walk from Davis Square, this property offers unparalleled convenience and accessibility. Constructed in 1900, the building seamlessly blends historical charm with modern functionality, making it suitable for a diverse range of commercial uses. The property sits on a 0.19-acre lot and is zoned for Fabrication, opening doors to a multitude of possibilities. Potential uses include, but are not limited to, artisanal production, educational facilities, manufacturing operations, co-working spaces, food production, and even cannabis product growing and manufacturing. The ample square footage provides significant space for operations, allowing for customization and expansion to meet specific business needs. The building's strategic location, combined with its versatile zoning and substantial size, presents a compelling investment opportunity for discerning buyers seeking a well-positioned and adaptable commercial property in a thriving Somerville neighborhood. The asking price for this unique property is $5,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,338,511

  6.5%

  $1,235,548

  7%

  $1,147,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,057,823

  Geo Method

  $1,057,823

• Alternative Use

  Use

  Valuation

  Residential

  $1,532,080

  Hospitality

  $1,403,377

  Educational

  $1,167,593

  Medical

  $1,207,748

  Retail

  $1,816,256

Location Insight

City

Somerville

County

Middlesex

State

Massachusetts

Latitude

42.395

Longitude

-71.1159

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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