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    379 Somerville Ave Somerville, MA 02143

    For Sale
    $6,700,000

    Newly constructed mixed-use property in Somerville's Union Square neighborhood.

    Lot size:
    0.08 Acres

    Property Features for 379 Somerville Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    2025

    Source: Kendin Carr Agent Kendin Carr

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

    Overview

    New Mixed-Use Asset in Somerville

    This newly constructed mixed-use asset is located at 379 Somerville Ave in the heart of Somerville's Union Square neighborhood. The 5-story elevator building boasts over 13,000 square feet of space and features ten thoughtfully designed apartment units and one retail space. Its prime location, just steps from the MBTA Green Line, makes it highly accessible to nearby educational institutions like Harvard, MIT, and Tufts. Benefiting from the neighborhood's rapid growth and increased foot traffic from US2's 15 million square foot, $2 billion development project, this property presents a unique blend of residential and commercial potential. With its modern design, prime location, and proximity to renowned educational institutions, this asset offers an attractive investment for those seeking to capitalize on the thriving Somerville market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Squeezebox Stompers Live Music Venue

    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
    -71.1000507
    Latitude
    42.3816058

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    FAQs

    What type of property is this?
    Mixed-use property - Newly constructed mixed-use property in Somerville's Union Square neighborhood.
    Where is this mixed-use property located?
    The property is located at 379 Somerville Ave Somerville, MA.
    What is the asking price?
    The asking price for this property is $6,700,000.
    What are key features of this property?
    This property features: - Prime location in Somerville's Union Square, steps from the MBTA Green Line.; - Newly constructed (2025) **5-story elevator building with modern design.**; - Mixed-use asset with ten apartment units and one retail space.
    (617) 678-0246
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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
    379 Somerville Ave Somerville, MA 02143
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