Five-Story Mixed-Use Development
For Sale
Contact for pricing
Pending
176 -182 Broadway, Somerville, MA 02145
MR5-zoned assemblage supports a planned mixed-use project with residential and commercial components.
Property SizeContact for details
Days on Market143
Property Features for 176 -182 Broadway
General Information
Standard status
Pending
Property subtype
Land, Mixed Use
Listing Agency:
Steve Bremis Realty Group
(617) 623-2500
Listed By:
Stephen Bremis · License #MA 128686
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Bremis Realty Group
Investment Insights
Based on property information with market context.
This five-story mixed-use development project consists of two parcels offered together, with more than 11,000 square feet of land. A typical construction plan could support approximately 31,970 gross square feet and up to 28 residential units, with average unit sizes of approximately 1,125 square feet. An alternative scenario allows up to 37 units at approximately 577 square feet each, along with up to 5,000 square feet of commercial space.
The property is zoned MR5 and includes capacity for up to 23 on-site parking spaces. One parking space is required per unit, and a special permit for parking relief would be needed to reach the maximum unit count. The seller will allow the buyer to obtain project approvals before closing. The site has a Walk Score of 95 and is within one mile of Green and Orange Line subway stops. Somerville’s 20% affordable-housing requirement applies.
The property is zoned MR5 and includes capacity for up to 23 on-site parking spaces. One parking space is required per unit, and a special permit for parking relief would be needed to reach the maximum unit count. The seller will allow the buyer to obtain project approvals before closing. The site has a Walk Score of 95 and is within one mile of Green and Orange Line subway stops. Somerville’s 20% affordable-housing requirement applies.
Key Highlights
- Two‑parcel assemblage with more than 11,000 sq ft of land
- Potential for approximately 31,970 gross sq ft and up to 28 units
- Alternative plan allows up to 37 units at approximately 577 sq ft each
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
333k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 27%
Home Improvements & Furnishings 27%
Apparel 20%
Shops & Services 13%
The Home Depot
Home Improvements & Furnishings
66,096 visits/mo
0.4 miles
Burlington
Apparel
65,827 visits/mo
0.5 miles
Trader Joe's
Groceries
46,819 visits/mo
0.5 miles
Stop & Shop
Groceries
42,883 visits/mo
0.2 miles
Speedway
Shops & Services
23,299 visits/mo
0.1 miles
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MR5-zoned assemblage supports a planned mixed-use project with residential and commercial components.
Where is this mixed-use property located?
The property is located at 176 -182 Broadway Somerville, MA.
What are key features of this property?
This property features: Two‑parcel assemblage with more than 11,000 sq ft of land; Potential for approximately 31,970 gross sq ft and up to 28 units; Alternative plan allows up to 37 units at approximately 577 sq ft each
