$12,000,000

Est. Mortgage $57,557/mo *

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49-55 Davis Square, Somerville, MA, 02144

49-55 Davis Square, Somerville, MA, 02144
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1914

36,400 sqft

Rare Portfolio Offering: 49–55 Davis Square is part of a three-building portfolio for sale, which also includes 202–218 Massachusetts Avenue in Arlington and 36 College Avenue in Somerville. A landmark in the heart of Davis Square, the iconic Somerville Theatre building offers approximately 47,566 +/- SF of mixed-use space with a rich history dating back to 1914. Anchored by the renowned Somerville Theatre and the restored Crystal Ballroom, the property is a premier entertainment destination featuring a 900-seat theater, a 500-capacity live event venue, a long-term restaurant tenant, and a fully leased, recently renovated 7,500 SF office suite. Meticulously preserved and modernized over four decades of ownership, this rare investment opportunity combines historic character, significant capital improvements, diversified income streams, and an irreplaceable presence in one of Greater Boston's most vibrant commercial districts. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFORMATION

Status:

Active

Type:

Commercial

Zoning:

CC3

Acreage:

0.32

Est. Taxes:

$130,457

MLS #:

73546206

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Listing courtesy of Carl Christie, Carl Christie