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125 Highland Ave$2,999,999For Sale

$2,999,999
For Sale
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An exceptional opportunity to acquire 125 Highland Ave, which is a rare redevelopment opportunity in Somerville, Ma. This 17,960 sq ft building sits on a 18045 sq ft lot which is approx. 170 ft by 106 ft. It's location is 3 miles from Boston proper & conveniently within blocks (.4mi) of the future Gilman Square Green line extension stop as well as several MBTA bus routes. The Green Line Extension project is expected to be completed in early 2020 and will further connect Somerville to all of Boston. In addition to the ease of access to Boston, the property is less than a mile from Union Square which is currently undergoing one of the largest redevelopment projects in Greater Boston and includes 2.4mil sq ft of new transit oriented development. With several million square feet new mixed use developments w/in 2 miles of this address, the need to revitalize this parcel has come. Residential, Commercial, & Institutional uses can all benefit from this address. More info avail upon request.

17,960 Sq.Ft. LIVING AREA

0.41 Acres lot

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area17,960 Sq.Ft.
  • Lot Area0.41 Acres
  • MLS® ID72751064
  • TypeCommercial
  • YEAR BUILT1917

Exterior

  • utilitiesPublic Water, Public Sewer

Financial

  • Sales Price$2,999,999
  • Real Estate Tax $23,092/yr
  • Zoning RC

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