17 Clyde St Somerville, MA $ 1,695,000
17 Clyde St
$ 1,695,000
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17 Clyde St

Somerville, MA, 02145
$ 1,695,000
Baths0.0

Monthly Estimate*

$ 11,840

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Studio

Commercial Property for sale in Somerville, MA

for $1,695,000. This building was built in 1886 on a lot size of 0.18.

Investors, builders, and developers take notice! Amazing opportunity to develop (2) 3 family properties in a bustling area of Somerville. Property is currently a single-family residence with 8-car garage on a lot that sits in NR Zoning which along with MBTA Communities Law allows for subdivision and “by right” 3-unit build! Great area very close to Magoun Square T station and Maxwell’s Green. Property is ~equidistant to Davis, Ball, and Porter Squares. Highly sought-after neighborhood and minutes to Boston. This transaction is subject to a 24-Month Sale/Leaseback agreement for resident as well as the City of Somerville's Historic Preservation Commission's 18-month moratorium on demolition. Currently, one side of the lot allows for immediate subdivision and development. Sale/Leaseback provides buyer with income during the permitting process, a win-win for all. Buyer and/or buyer's agents/representatives to do their own full due diligence. Don’t miss this opportunity!

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Commercial Contingent

Price

$ 1,695,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,030

Style

5+ Residential

Lot Size

0.18

Year Built

1886

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73227505

List By
Piantidosi Group

Listing Agent

Coldwell Banker Realty - Andover

Broker

Affordability Calculator

$12,426
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,840
Monthly Property Taxes
$586
Monthly Home Insurance
--
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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THE TIME TO SELL IS NOW!
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Neighborhood & Schools

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Pricing History
DatePricePrice ChangeDescription
4/23/2024$1,695,000 Listed Price

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17 Clyde St, Somerville, MA, 02145 is a Commercial Property for sale at $1,695,000 with a lot size of 0.18. 17 Clyde St is a studio with 0.0 baths and was built in 1886. The property's zip code is 02145 which is in Somerville, MA