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- LoopNet Team
10 Innerbelt Rd
Somerville, MA 02143
Arris · Multifamily Property For Sale
·
205 Units
EXECUTIVE SUMMARY
Can also be sold together 18 & 20 for $4,500.000. Rare offering. Exceptional opportunity. New construction. Brand new Commercial Condo built as restaurant/bar in a prime location. Walls, plumbing & rough mechanicals already in place. Just bring your vision to life! Situated on ground floor of striking new building with 234 residential units above & Holiday Inn directly across the street. Ideal location midway between Union Square & Assembly Row with easy access to 1-93 & Boston. Excellent visibility with high pedestrian & vehicular traffic. Also features 49 indoor/underground parking spaces. Great space & set up for restaurant/bar operators, event venue or could be used for professional services. Incredible built-in customer base with strong growth potential. Some use restrictions. Buyer responsible for final buildout & due diligence.
PROPERTY FACTS
| No. Units | 205 | Lot Size | 1.59 AC |
| Property Type | Multifamily | Building Size | 205,000 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | APN / Parcel ID | SOME-000107-B000000-000001 |
| Zoning | BB | ||
| No. Units | 205 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.59 AC |
| Building Size | 205,000 SF |
| No. Stories | 7 |
| Year Built | 2023 |
| APN / Parcel ID | SOME-000107-B000000-000001 |
| Zoning | BB |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Freezer
SITE AMENITIES
- Courtyard
- Fitness Center
- Pool
- On-Site Retail
- Planned Social Activities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 31 | - | 500 - 697 |
| 1+1 | 120 | - | 681 - 941 |
| 2+2 | 50 | - | 1,002 - 1,260 |
| 3+2 | 4 | - | 1,313 |
