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815 Somerville AveCambridge, MA 02140

Middlesex County

$13,000,000List price
1917Year built
0.24Acre lot
7 months agoOn market

Description

Presenting 815 Somerville Avenue, an exceptional redevelopment opportunity located in the heart of Porter Square, Cambridge, Massachusetts. 815 Somerville Ave is a three-story brick building comprised of 27,824 gross square feet and 18 garage parking spaces. The building is situated on a 10,442 square foot parcel and sits within the Massachusetts Avenue District – a new zoning district that allows up to 12 stories of residential use by-right. The property is located across the street from the MBTA Porter Square Station (Red Line), providing direct access to Harvard, MIT, Kendall Square and Downtown Boston within minutes. Exceptionally located and surrounded by amenities, cultural activities and demand drivers, 815 Somerville Ave presents investors with a multitude of alternative use and value-creation opportunities, including ground up redevelopment for residential use, re-tenanting the existing office space, or utilizing the in-place approvals to retrofit the building for lab/R&D use.

Property Information

Property type
Commercial Sale
Year built
1917
Lot size
0.24 acres
Zoning
99
Days on market
227
MLS® Listing#
73479802

Property Features

Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$99

Directions

Across from Porter Square MBTA Stop on Somerville Ave

Listing Courtesy: Cushman & Wakefield - 6173306966

Presented by: Christopher Sower

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