359R Lowell Street
359R Lowell Street

359R Lowell StreetSomerville, Massachusetts

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$ 1,295,000
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Marcio Vasconcelos
Marcio Vasconcelos
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Description of 359R Lowell Street

Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Streets proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. Prospective Purchasers should verify all development feasibility independently. Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
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Details

Property Type

Land

Lot/Acreage

0.07

Zip Code

02145

County

Middlesex

MLS

#73205654

Interior

Master Bath

No

Basement

No

Exterior

Road Type

Public

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Frequently Asked Questions for 359R Lowell Street, Somerville, MA 02145

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For this home, we provide a comprehensive gallery featuring 16 high-quality images, showcasing every aspect of the property to give you a detailed perspective.

How much is this home worth?

Based on Home Shift Team data, we estimate the value of the home to be $1,295,000. Determining the worth of a home involves various factors such as location, size, amenities, and market conditions. To provide an accurate estimate, we conduct a thorough analysis tailored to the unique attributes of 359R Lowell Street, Somerville, MA 02145.

What’s the full address of this home?

The full address for this home is 359R Lowell Street, Somerville, MA 02145

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