aisellshomes.space

$3,900,000

Active

55 Elm St

Somerville, MA, 02144

Commercial · MLS #73527146

Days on market

13 days

Lot size

0.09 ac

0.09 acres

Lot

About this home

Your chance to be the Big Fish! Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.

Location

55 Elm St, Somerville, MA, 02144

Listed by David Lilley · RE/MAX Real Estate Center

Schedule a showing

55 Elm St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$25,246 / month

Down payment20% · $780,000
Interest rate6.50%

Loan term

Principal & interest
$19,721
Property tax
$3,900
Home insurance
$1,625

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).