Opportunity Zone Development
For Sale
Contact for pricing
273 Somerville Ave, Somerville, MA 02143
Four-parcel development site in the CC5 zone allowing up to five stories with retail, commercial, or hotel use via special permit.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market135
Property Features for 273 Somerville Ave
General Information
Standard status
Active
Lot size
0.05 Acres
Property subtype
LAND
Zoning
CC5
Additional Details
Opportunity Zone
Yes
Building Details
Stories
5
Listing Agency:
Boston Realty Advisors
(617) 416-1466
Listed By:
Kevin Benzinger · License #9526383
(617) 850-9647
Source:
Moodyscre
Added: Apr 8
Changed: Aug 8
Last Checked: Aug 20 at 1:06PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This Qualified Opportunity Zone development site consists of four parcels with a total area of 17,424 square feet. The property is positioned to support a mixed-use or hospitality-oriented buildout, with allowed uses including retail, commercial, or hotel with a special permit up.
The site is located at the intersection of Washington Street and Somerville Avenue, with street addresses including 238 Washington Street and 269, 273, and Rear Somerville Avenue. The property is in the CC5 zoning district, which allows a maximum density of five stories.
As currently assembled, the asset is being presented as a development-ready opportunity within the USQ area, which has an active record of new mixed-use delivery and public improvements connecting the Green Line station to nearby parking.
The site is located at the intersection of Washington Street and Somerville Avenue, with street addresses including 238 Washington Street and 269, 273, and Rear Somerville Avenue. The property is in the CC5 zoning district, which allows a maximum density of five stories.
As currently assembled, the asset is being presented as a development-ready opportunity within the USQ area, which has an active record of new mixed-use delivery and public improvements connecting the Green Line station to nearby parking.
Key Highlights
- 17,424 SF Qualified Opportunity Zone development site at the intersection of Washington St and Somerville Ave
- Four‑parcel assemblage with addresses at 238 Washington St, 269 Somerville Ave, 273 Somerville Ave & Rear Somerville Ave
- CC5 zoning allows up to a five‑story maximum density
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Four-parcel development site in the CC5 zone allowing up to five stories with retail, commercial, or hotel use via special permit.
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: 17,424 SF Qualified Opportunity Zone development site at the intersection of Washington St and Somerville Ave; Four‑parcel assemblage with addresses at 238 Washington St, 269 Somerville Ave, 273 Somerville Ave & Rear Somerville Ave; CC5 zoning allows up to a five‑story maximum density
