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$ 1,549,999
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Active
431 Medford Somerville, MA 02145
5,318 SqFt
UPDATED:
11/12/2024 09:12 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,318 sqft
Price per Sqft $291
MLS Listing ID 73292224
HOA Y/N false
Year Built 1900
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Unmatched Investment Opportunity in Somerville! Seize the chance to own this exceptional mixed-use building just a few blocks from the Gilman Square Green Line station! This prime corner property offers outstanding visibility and signage, featuring two retail spaces leased through 2026, ensuring immediate income stability. Above, discover two spacious 4+ bedroom apartments that highlight beautiful hardwood flooring, generous living areas, and modern layouts. With an impressive annual income of 124.8K this property not only provides solid returns but also boasts huge upside potential for future rent increases. Located in the thriving Winter Hill section, you’re close to Assembly Row and have seamless highway access to downtown Boston. Surrounded by vibrant restaurants, shops, and local amenities, this rare opportunity won’t last long—act now to secure your investment in this desirable neighborhood!
Location
State MA
County Middlesex
Zoning Mixed Use
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
Listed by NextGen Realty, Inc.