371 Highland Ave Somerville, MA
$4,995,000
Description
Presenting 371 Highland Avenue - LOCATION, LOCATION, LOCATION...a fully approved development site in Davis Square, Somerville. This 30,050 GSF project, approved for 23 units and 13 below-grade parking spaces, is ready for immediate construction.All necessary permits are secured, demolition is complete, and the site has a clean 21E. Comprehensive construction plans are available for your review. Located steps from the Vibrant Davis Square MBTA station (Green and Red lines), this property offers excellent access to nearby colleges, restaurants, shops, and nightlife. It presents a prime opportunity to develop either condominiums or rental properties, addressing the strong housing demand in this highly sought-after area.
Listed by BHHS Verani Realty Andover, Jack Lister
Details
MLS 73436531
Status Active
Price $4,995,000
DOM 263 days
Type Lot/Land
Lot & Building Features
Sewer At Street, Perc Test On File, Public Sewer
Tax Year 2025
Taxes Paid $17,716
Water At Street, Public
Schools
Elementary School Browm School
Junior High School Kennedy School
Senior High School Somerville High
Land for Sale: 371 Highland Ave, Somerville, MA 02144
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.