176-182 Broadway Somerville, MA 02145

This is a developable five-story mixed-use development project. The property includes two parcels with over 11,000 square feet of land, being sold as a package. Zoned MR5, the location allows for additional commercial space of up to 5,000 square feet. A buildout with typical construction could allow up to 28 units, approximating 31,970 gross square feet of building space, with an average unit size of approximately 1,125 square feet. Alternatively, building as a net-zero building could allow for up to a maximum of 37 units with approximately 577 square feet more or less. One parking space is required per unit, and there is enough space for up to 23 spaces on site. A special permit for relief regarding parking is needed to achieve the maximum number of units. The affordable housing requirement for the City of Somerville is 20%. The location is rated a Walker's Paradise with a score of 95 and is conveniently located under a mile to Green and Orange Line subway stops.