359 Lowell Street

Somerville, MA 02145

  • 0 Sqft
  • 0.07
    Acre(Lot)
$1,044,900

Description

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. prospective purchasers should verify all development feasibility independently. seller and broker make no representations, expressed or implied with respect to the development potential of the property.

  • Property Type

    Land

  • County

    Middlesex

  • Style

    Land

  • AD ID

    47015657

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BuyOwner last updated this listing 11/16/2024 @ 21:52

  • MLS: 73294937
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: MLS Property Information Network

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