17 Kensington Ave 0.23 Acres of Commercial Land Offered at $2,300,000 in Somerville, MA 02145

Introducing 17 Kensington Avenue in Somerville- your opportunity to raze an existing single story commercial building and construct a new 4 story, 19-unit building in its place. The new building can be built for sale or for rent and the project is designed with 4-5 units per floor and a gross building area of 25,293 sq/ft. The unit mix includes (15) 2 bedroom/2 bath residences and (4) 1 bed/1 bath residences. Four units are to be designated affordable. Most residences have private outdoor space + the plans also call for a common roof deck! The lot is 10,006 sq/ft and is a rectangle with its long side fronting on Kensington Avenue. The property is located on a sleepy side street off of Broadway in a rapidly developing neighborhood w/easy access to shopping + restaurants and is only a half mile from the Assembly Square Orange Line T. The property is offered w/the land, existing building + a full set of architect drawings ready to submit. Make this your next project!