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    282 Mcgrath Hwy Somerville, MA 02143

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    For Sale
    $1,250,000

    Former restaurant/bar with development potential in bustling Somerville area.

    Lot size:
    0.13 Acres

    Property Features for 282 Mcgrath Hwy

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1910

    Source: Coldwell Banker Realty - Andovers/Readings Regional Agent Piantidosi Group

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

    Overview

    Somerville Development Opportunity

    This property, formerly a restaurant and bar, presents a development opportunity in a bustling area of Somerville. The location is set for significant transformation with USQ in Union Square. The property has expansive opportunity for development, with potential for condominiums, multi-family housing, or income investment. It is located less than 0.5 miles from the green line and minutes from Union Square, Sullivan Square, and Route 93. Cambridge and Boston are each one mile away, while Assembly Row and Encore Casino are 1.5 miles away.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Parlor Sports, Trina's Starlite Lounge, Starbucks, Distinct Beer & Wine, ONCE Somerville

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0897485
    Latitude
    42.3786166

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    FAQs

    What type of property is this?
    Bar - Former restaurant/bar with development potential in bustling Somerville area.
    Where is this bar located?
    The property is located at 282 Mcgrath Hwy Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime development opportunity in a rapidly transforming area of Somerville near Union Square.; - High potential for condominiums, multi-family housing, or income investment.; - Superb location with excellent accessibility to transportation, including being less than 0.5 miles to the Green Line.
    (978) 423-5577
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    282 Mcgrath Hwy Somerville, MA 02143
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    Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    282 Mcgrath Hwy Somerville, MA 02143
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