$13,000,000
Active815 Somerville Ave
Cambridge, MA, 02140
Land · MLS #73493591
Days on market
New today
Lot size
0.24 ac
0.24 acres
Lot
About this home
Presenting 815 Somerville Avenue, an exceptional redevelopment opportunity located in the heart of Porter Square, Cambridge, Massachusetts. 815 Somerville Ave is a three-story brick building comprised of 27,824 gross square feet and18 garage parking spaces. The building is situated on a 10,442 square foot parcel and sits within the Massachusetts Avenue District a new zoning district that allows up to 12 stories of residential use by-right. The property is located across the street from the MBTA Porter Square Station (Red Line), providing direct access to Harvard, MIT, Kendall Square and Downtown Boston within minutes. Exceptionally located and surrounded by amenities, cultural activities and demand drivers, 815 Somerville Ave presents investors with a multitude of alternative use and value-creation opportunities, including ground up redevelopment for residential use, re-tenanting the existing office space, or utilizing the in-place approvals to retrofit the building for lab/R&D use.
Property details
- Electric
- 110 Volts
Listed by Christopher Sower · Cushman & Wakefield
Schedule a showing
815 Somerville Ave
Estimated payment
$84,152 / month
Loan term
- Principal & interest
- $65,735
- Property tax
- $13,000
- Home insurance
- $5,417
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).