$1,695,000

Pending

Est. Mortgage $9,022/mo *

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17 Clyde St, Somerville, (Magoun Square), MA, 02145

17 Clyde St, Somerville, (Magoun Square), MA, 02145
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1886

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!

Status:

Pending

Town:

Somerville

Type:

Commercial

Zoning:

NR

Parking:

8-car

Acreage:

0.18

Est. Taxes:

$7,030

MLS #:

73227505

Buyer Agent Compensation:

2

Facilitator Compensation:

1

Community Info

School Info

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Listing courtesy of Piantidosi Group, Coldwell Banker Realty - Andover Phone: 978-475-2201