MR6 Mixed-Use Development
For Sale
$13,500,000
45 Broadway, Somerville, MA 02145
Five-parcel Broadway property with an 8,712 SF commercial building and MR6 zoning near I-93 for redevelopment flexibility.
Property Size8,712 SF
Price / SF$1,549
Days on Market200
Property Features for 45 Broadway
General Information
Standard status
Active
Size
8,712 SF
Zoning
MR6
Additional Details
Highway Access
Yes
Building Details
Year Built
1949
Listing Agency:
(978) 850-1111
Listed By:
Christopher Brown · License #9552112
(978) 850-1111
Source:
Expcommercial
Added: Feb 6
Changed: Aug 24
Last Checked: Aug 24 at 3:12AM
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 Christopher Brown
Investment Insights
Based on property information with market context.
The offering includes five parcels at 45, 49, 51, 53, and 54 Broadway in Somerville, Massachusetts. The property features an existing 8,712 SF commercial building and includes multifamily structures, supported by zoning designation MR6. Construction dates to 1949, and the current configuration includes a unit that provides flexibility for future planning.
All parcels are included in the offering, and due diligence materials are available for review. The property is located on Broadway and is adjacent to I-93, providing immediate access to a major interstate corridor.
This asset is well suited for buyers and investors evaluating MR6 redevelopment in Somerville, with both commercial and multifamily components already present. The combination of multiple parcels, mixed-use building space, and MR6 zoning offers a practical foundation for those looking to explore multifamily development options through the due diligence process.
All parcels are included in the offering, and due diligence materials are available for review. The property is located on Broadway and is adjacent to I-93, providing immediate access to a major interstate corridor.
This asset is well suited for buyers and investors evaluating MR6 redevelopment in Somerville, with both commercial and multifamily components already present. The combination of multiple parcels, mixed-use building space, and MR6 zoning offers a practical foundation for those looking to explore multifamily development options through the due diligence process.
Key Highlights
- Five‑parcel property on Broadway with an 8,712 SF commercial building.
- Zoned MR6, providing redevelopment flexibility for potential multifamily development.
- Adjacent to I‑93, offering convenient access to major routes.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Five-parcel Broadway property with an 8,712 SF commercial building and MR6 zoning near I-93 for redevelopment flexibility.
Where is this multifamily property located?
The property is located at 45 Broadway Somerville, MA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Five‑parcel property on Broadway with an 8,712 SF commercial building.; Zoned MR6, providing redevelopment flexibility for potential multifamily development.; Adjacent to I‑93, offering convenient access to major routes.
