Somerville MA Real Estate & Land For Sale

Strategic acquisition opportunity for the Horace and Ward Portfolio, a 9 units & 3 parcel collection located next to Boynton Yards. The property is ideally situated for wide array of urban redevelopment opportunities as it abuts a cluster of life sciences focused lab space and office spaces, and well-connected to transportation networks and local retail and recreation zones in Union Square, Twin City Plaza, and Cambridge Crossing, and is well positioned for both commercial and residential or mixed use purposes. Three Parcels consists of 22 Horace (2 Fam), 24 Horace (3 Fam)and 28 Ward (3 Fam +) being offer "as-is" for the entire portfolio. Individual parcels are not separately priced, but individual sales will be considered, contingent upon the sale of the remainder parcels, as sellers' preference is to exit the entire portfolio at similar time. Currently used as multi-family rental properties. Seller will consider creative offers!

BIG LOT AND ALREADY APPROVED FOR A HUGE THREE UNIT MULTI FAMILY... FOR RENTAL OR DEVELOPMENT...ON 9,935 SQ FT OF LAND AND OVER 5000 SQ FT OF APPROVED INTERIOR SPACE ...currently an empty lot with accessory 'garage'. COMES WITH EXISTING PLANS WHICH HAVE ALREADY BEEN SUBMITTED TO INSPECTIONAL SERVICES FOR A BUILDING PERMIT. Designed as a 7-7-4 rooms per floor and 4-4-2 bedrooms per floor with a full unfinished basement. Approved plans have 4 non tandem parking spots. Rated a WALKER'S PARADISE WALK SCORE OF 93 and a BIKER'S PARADISE BIKE SCORE OF 91. Will be delivered with plans AND A BUILDING PERMIT FOR CURRENT PLANS...Plans are available upon request. Only a half mile to the GREEN LINE at Gilman Sq. Less than a mile to the RED LINE in Porter Sq. Less than a mile to Union Square. FANTASTIC LOCATION IN A GREAT NEIGHBORHOOD.

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

The Lumina is a fully permitted and approved 40-unit development opportunity located in the heart of Union Square, Somerville, Massachusetts. This mid-rise building, encompassing 35,971 gross square feet with 28,949 net rentable square feet, is ready for construction to commence. It boasts a building permit, an open MWRA permit, and an available demolition permit. Approved for four stories, The Lumina is strategically placed adjacent to the new Union Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area.