Lot/Land for Sale: 359 Lowell Street, Somerville, MA 02145

$1,044,900
$1,044,900
359 Lowell Street, Somerville, MA 02145
$1,044,900
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Price:
$1,044,900
$4,100 - 10/09/2024

Type Lot/Land
Lot Size 0.07 acres

City Somerville
County Middlesex

MLS 73294937
Status Active
DOM 62 days
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.

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $10,787
Water Public

Price History of 359 Lowell Street, Somerville, MA

Date Name Price Difference
10/09/2024 Price Adjustment $1,044,900 0.39%
09/25/2024 Listing Price $1,049,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 359 Lowell Street, Somerville, MA

Location Map Street View
Photo of Dan Rosa
Direct: 603-234-2383
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Fortune RE, Ryan Taylor
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359 Lowell Street (MLS #73294937) is a lot/land listing located in Somerville, MA. This is a lot/land listing with a lot of 3,173 sqft (or 0.07 acres). This property was listed on 09/25/2024 and has been priced for sale at $1,044,900.

Nearby zip codes are 02140, 02143, 02144, 02155 and 02180. This property neighbors other cities such as Cambridge, Medford and Stoneham.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Fortune RE

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.