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 Gilman Square Green line extension stop as well as several MBTA bus routes. The Green Line Extension project is completed and connects 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.
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Last Updated: October 23rd, 2024 at 8:43am
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General Information for 125 Highland Ave, Somerville, Massachusetts 02143
Property TypeCommercial Sale
Price$2,999,999
MLS #72751064
List Date2020-10-30
Special Listing ConditionsNo
StateMassachusetts
Street NameHighland Ave
Unit
CitySomerville
Zip Code02143
CountyMiddlesex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total17960
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress125 Highland Ave, Somerville MA 02143
Zoning
Zoning DescriptionOther (See Remarks)
Business TypeCommercial
Interior Features for 125 Highland Ave, Somerville, Massachusetts 02143
* Approx. Living Area Total17,960 sq ft
MLS Area (Major)Spring Hill
OffMarketDate10/01/2021
Exterior Features for 125 Highland Ave, Somerville, Massachusetts 02143
* Parking Spaces10
* Year Built1917
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 125 Highland Ave, Somerville, Massachusetts 02143
Buyer Agent Compensation1
ContingencyPending P&S
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 125 Highland Ave, Somerville, Massachusetts 02143
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$4,800,000
Lifestyle Information for 125 Highland Ave, Somerville, Massachusetts 02143
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 125 Highland Ave, Somerville, Massachusetts 02143
Marketing History for 125 Highland Ave, Somerville, Massachusetts 02143
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate2020-12-21
Agent Information for 125 Highland Ave, Somerville, Massachusetts 02143