Cross St. Somerville is ready for some lively development! At an asking price of $599,900 we expect that this property is going to move speedy and sure, we can see why!
This two parcel package with an exclusive financing offer for new owners is located in close proximity to both Ball Square and Mcgrath Highway and if you have been following the real estate market trends in Somerville, you know that opportunity is burgeoning in this neck of the unique, quirky, and popular city. Ok Ok, enough of our chatter….here’s the nitty gritty real estate details that we KNOW you’re craving!
142-146 Cross Street is two separate parcels being sold as a package. There is a one story commercial building on one parcel and an empty lot that is INCLUDED as the additional parcel. IT MIGHT BE POSSIBLE to build a total of FIVE UNITS ‘BY RIGHT’ plus possible retail/office in addition. Zoning is BB with a 2.0 F.A.R or up to over 13,000 SQ FT of allowable building area. OWNER HAS A CLEAN 21 E WITH TESTING FROM 2012. Owner will not sell subject to any approvals but will consider financing with 40-50% down for five years while the property is potentially developed. ALL OFFERS WILL BE PRESENTED ON THURSDAY MAY 15TH AT 7 PM… SORRY, NO EXCEPTIONS! BROKER DOES NOT ASSUME ACCURACY FOR THE STATEMENTS MADE HEREIN AND ALL BUYERS MUST DO THEIR OWN DUE DILIGENCE REGARDING ANY AND ALL REPRESENTATIONS.