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Home Massachusetts Boston Commercial Properties

125 Highland Ave Somerville, MA 02143
1538 Days on Boardwalk PropertiesPrice Reduced $1,800,001
24
125 Highland Ave, Somerville, MA 02143
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$2,999,999
Type: Commercial
Lease Type N/A
17960 Bldg. SQFT
N/A Restrooms
Parking: 10

Property Description

An exceptional opportunity to acquire 125 Highland Ave, which is a rare redevelopment opportunity in Somerville, Ma. This 17,960 sq ft building sits on a 18045 sq ft lot which is approx. 170 ft by 106 ft. It's location is 3 miles from Boston proper & conveniently within blocks (.4mi) of the Gilman Square Green line extension stop as well as several MBTA bus routes. The Green Line Extension project is completed and connects Somerville to all of Boston. In addition to the ease of access to Boston, the property is less than a mile from Union Square which is currently undergoing one of the largest redevelopment projects in Greater Boston and includes 2.4mil sq ft of new transit oriented development. With several million square feet new mixed use developments w/in 2 miles of this address, the need to revitalize this parcel has come. Residential, Commercial, & Institutional uses can all benefit from this address. More info avail upon request.
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Property Details tap to expand

Property Information

  • Location: Highway Access, Historic, Neighborhood, Urban
  • Type: Commercial
  • Space Available: For Sale
  • Number of Buildings: 1
  • On File 21e: No
  • Location: Other (See Remarks)
  • Parking Spaces: 10
  • Parking Feature: 1-10 Spaces, Off-Street, On Site, Permeable Pavement
  • MLS ID#: 72751064

Financial

  • Building Assessed Value: 1540800
  • Land Assessed Value: 747800
  • Total Assessed Value: 2288600
  • Exchange: No
  • Lease: No
  • Sublet: No

Building Information

  • Stories: 3
  • Total SQFT: 17960

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/05/2024Active$2,999,999$167MLSPIN
10/01/2024Price Change$2,999,999$167MLSPIN
06/28/2024Active$3,999,999$223MLSPIN
06/24/2024Price Change$3,999,999$223MLSPIN
01/10/2021Under Agreement$4,800,000$267MLSPIN
12/28/2020Contingent$4,800,000$267MLSPIN
10/30/2020Active$4,800,000$267MLSPIN

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Seller's Representative: The Moving Greater Boston Team, Berkshire Hathaway HomeServices Warren Residential
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-22 17:56:00