359 Lowell

Somerville, MA 02145

  • 2 Bed(s)
  • 3 Bath(s)
  • 4,326 Sqft
  • 0.07
    Acre(Lot)
$1,044,900

Description

Updated zoning study - 7 units /1 affordable. opportunity to acquire mr4 zoned parcel in magoun square, less than a ¼ mile from the newly opened magoun square glx station. the 3,173 sf parcel abuts 3/4 of an acre of mr4 zoned parcels on all sides and currently has a 4,350 sf existing structure generating $4,132/month with leases ending 8/31/24. an initial massing study indicated a 4-story 6,375 sf structure consisting of up to 8 units may be feasible. 359 lowel street’s proximity to magoun square station is situated within a transit zone affording no minimum parking requirements.existing structure consists of two levels, 2,150 sf each. renovated 2 bed 2 bath unit on the top floor and flex/open space on the first floor. great ceiling height on both floors. lots of possible options to increase value over the term of ownership. . seller and broker make no representations, expressed or implied with respect to the development potential of the property.

  • Property Type

    Residential

  • County

    Middlesex

  • Style

    Residential

  • AD ID

    46957452

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BuyOwner last updated this listing 11/21/2024 @ 09:53

  • MLS: 73291603
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: MLS Property Information Network

is a Home, with 2 bedrooms which is for sale, it has 4,326 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.