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273 Somerville Ave Somerville, MA 02143

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22,585 SF development site in Union Square, Somerville, MA.

Source: Jason Weissman Agent Jason Weissman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Somerville Avenue Development Opportunity

Located in the center of Union Square, this 22,585 square foot development site is an assemblage of 6 lots. The site is located between Somerville Avenue, Washington Street, and Merriam Street. It is situated entirely within an Opportunity Zone. The City of Somerville passed a comprehensive, city-wide zoning overhaul intending to maximize demand by transforming Union Square into a mixed-use hub. With the delivery of the future Union Square MBTA Green Line station, the new zoning code calls for the urbanization of Union Square, increasing employment opportunities in the City of Somerville. Based on the new zoning code, the site is in the Commercial Core 5 district with a Master Plan Development Overlay implemented to create design-based neighborhood and station area plans. The zoning for Parcel 1 is CC5 with a land area of 9,919 square feet, currently used as Ricky’s Flower Shop. Parcel 2 has CC5 zoning with a land area of 7,501 square feet, currently used as an auto body shop. Parcel 3 is zoned CC5 with a land area of 5,165 square feet and is currently used for multifamily purposes. This property presents an opportunity to acquire a development site at market rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Somerville
County
Middlesex
State
Massachusetts
Longitude
-71.0938359
Latitude
42.3791899

FAQs

What type of property is this?
Commercial land - 22,585 SF development site in Union Square, Somerville, MA.
Where is this commercial land located?
The property is located at 273 Somerville Ave Somerville, MA.
What are key features of this property?
This property features: - 22,585 sq ft development site in Union Square, Somerville.; - Located within an Opportunity Zone.; - Zoned Commercial Core 5 (CC5) with Master Plan Development Overlay.
More about this property
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