Opportunity Zone Development
For Sale
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273 Somerville Ave, Somerville, MA 02143
Opportunity Zone development site in the CC5 zone with allowed retail, commercial, or hotel uses.
Property SizeContact for details
Lot Size0.14 Acres
Days on Market135
Property Features for 273 Somerville Ave
General Information
Standard status
Active
Lot size
0.14 Acres
Property subtype
LAND
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 10:11AM
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.
Opportunity Zone development site totaling 17,424 square feet, comprising a four-parcel assemblage. The site is located at the intersection of Washington Street and Somerville Ave, steps from the MBTA Green Line and USQ. The property addresses are 238 Washington Street, 269 Somerville Ave, 273 Somerville Ave, and Rear Somerville Ave.
Zoned CC5, the site allows a maximum density of five stories. Allowed uses include retail, commercial, or hotel with a special permit up.
This parcel sits at the gateway to USQ, a neighborhood undergoing a mixed-use transformation. The broader USQ masterplan is described as consisting of 3.8 million square feet of development, with phases already delivering over 450 new apartments and 205,000 square feet of Class A life science, along with a public plaza connecting the MBTA Green Line station to a 271-space parking garage.
Zoned CC5, the site allows a maximum density of five stories. Allowed uses include retail, commercial, or hotel with a special permit up.
This parcel sits at the gateway to USQ, a neighborhood undergoing a mixed-use transformation. The broader USQ masterplan is described as consisting of 3.8 million square feet of development, with phases already delivering over 450 new apartments and 205,000 square feet of Class A life science, along with a public plaza connecting the MBTA Green Line station to a 271-space parking garage.
Key Highlights
- Opportunity Zone four‑parcel assemblage totaling 17,424 square feet
- CC5 zoning allows a maximum density of five stories
- Allowed uses include retail, commercial, or hotel with a special permit up
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 - Opportunity Zone development site in the CC5 zone with allowed retail, commercial, or hotel uses.
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: Opportunity Zone four‑parcel assemblage totaling 17,424 square feet; CC5 zoning allows a maximum density of five stories; Allowed uses include retail, commercial, or hotel with a special permit up
