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371 Highland Ave
Somerville, MA 02144
Land For Sale
·
0.19 AC
Investment Highlights
- Excellent Location
Executive Summary
Presenting 371 Highland Avenue - LOCATION, LOCATION, LOCATION...a fully approved development site in Davis Square, Somerville. This 30,050 GSF project, approved for 23 units and 13 below-grade parking spaces, is ready for immediate construction.All necessary permits are secured, demolition is complete, and the site has a clean 21E. Comprehensive construction plans are available for your review. Located steps from the Vibrant Davis Square MBTA station (Green and Red lines), this property offers excellent access to nearby colleges, restaurants, shops, and nightlife. It presents a prime opportunity to develop either condominiums or rental properties, addressing the strong housing demand in this highly sought-after area.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.19 AC |
| Zoning | Mixed Use - Approved for 23 Units | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.19 AC |
| Zoning | Mixed Use - Approved for 23 Units |
1 Lot Available
Lot
| Price | $4,995,000 | Lot Size | 0.19 AC |
| Price Per AC | $26,772,793.05 |
| Price | $4,995,000 |
| Price Per AC | $26,772,793.05 |
| Lot Size | 0.19 AC |
Fully permitted and approved 23-unit development opportunity situated in the heart of Davis Square, featuring 13 below-grade parking spaces. 30,050 gross square feet.
Description
Fully approved development site.
Property Taxes
| Parcel Number | SOME M:24 B:F L:5 | Improvements Assessment | $0 |
| Land Assessment | $1,623,800 | Total Assessment | $1,623,800 |
Property Taxes
Parcel Number
SOME M:24 B:F L:5
Land Assessment
$1,623,800
Improvements Assessment
$0
Total Assessment
$1,623,800
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