199 Elm Street Somerville, MA ^$ 1,900,000

199 Elm Street

^$ 1,900,000

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199 Elm Street

Somerville, MA, 02144

^$ 1,900,000

Studio Baths0.0

Monthly Estimate*

^$ 13,272

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Studio

Commercial Property for sale in Somerville, MA

for $1,900,000. This building was built in 1920 on a lot size of 0.08.

Rare potential development opportunity ideally located in bustling Davis Square Somerville. This 3,601 sq/ft piece of land is zoned MR4 and is currently improved by a two-story structure totaling 1,491 sq/ft plus an additional 852 sq/ft in the unfinished basement. The property is currently used as the offices and parking for a publishing company. The property is located just a .3 mile walk to the Davis Square T Station (Red Line) and a .4 mile walk to the Porter Square T Station (Red Line and Commuter Rail). A 21E was conducted by the current owner in 1997. See all documents attached to MLS for further information. Seller and seller's agent make no representations as to the potential development of the site. Buyer and/or buyer's agent to conduct their own due diligence.

Commercial Active

Price

^$ 1,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 18,144

Style

Land

Lot Size

0.08

Year Built

1920

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73208497

List By

Anthony Bruno

Listing Agent

Gibson Sotheby's International Realty

Broker

Affordability Calculator

$14,784

Per Month

Monthly Principal & Interest: $13,272
Monthly Property Taxes: $1,512
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Somerville, MA

Average List Price ^$1,790,393

Percent of Sale Price 6%

About Somerville, MA

81,036 Population

5% Since 2002

^$82,952 Median Income

36.55 Median Age

16% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/5/2024	$1,900,000		Listed Price

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199 Elm Street, Somerville, MA, 02144 is a Commercial Property for sale at $1,900,000 with a lot size of 0.08. 199 Elm Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 02144 which is in Somerville, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/28/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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199 Elm Street

Commercial Property for sale in Somerville, MA

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