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234-236 Pearl Street 236 Pearl St 13,052 SF 8% Leased Industrial Building Somerville, MA 02145 For Sale
Executive Summary
Lee & Associates is pleased to present 234–236 Pearl Street, a ±0.37-acre urban infill redevelopment opportunity in Somerville’s rapidly evolving Winter Hill neighborhood. Located within the Mid-Rise 6 (MR6) Zoning District, the site offers compelling density and redevelopment potential in one of Greater Boston’s most transitoriented and supply-constrained markets. The offering consists of two contiguous parcels currently improved with a ±13,000 SF industrial building and a ±1,932 SF multi-family house. The existing improvements provide near-term holding income while a developer advances planning, entitlement strategy, and design. The site configuration, corner presence, and scale create flexibility for repositioning into a higher and better use consistent with MR6 zoning parameters.
Property Facts
| Sale Type | Investment | Rentable Building Area | 13,052 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1920 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.32 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | MR6 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.32 AC |
| Rentable Building Area | 13,052 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 1/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MR6 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
10K SF industrial space available which includes 1800 sf of office space. With a potential for an additional 2K of Office space available. 1000 Amps available and additional basement storage
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 12,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 12,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 12,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
10K SF industrial space available which includes 1800 sf of office space. With a potential for an additional 2K of Office space available. 1000 Amps available and additional basement storage
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Exceptionally walkable
90/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | SOME-000061-H000000-000008 | Improvements Assessment | $329,300 |
| Land Assessment | $580,000 | Total Assessment | $909,300 |
Property Taxes
Parcel Number
SOME-000061-H000000-000008
Land Assessment
$580,000
Improvements Assessment
$329,300
Total Assessment
$909,300
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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234-236 Pearl Street | 236 Pearl St
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