55 Elm St Somerville, MA
$3,400,000
Beds 4
Baths 3
Square Feet 2,426
Acres 0.09
Description
Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.
Listed by RE/MAX Real Estate Center, David Lilley
Details
MLS 73536182
Status Active
Price $3,400,000
DOM 118 days
Type Multi-Family
Beds 4
Baths 3 full baths
Square Feet 2,426 sqft
Lot Size 0.09 acres
Year Built 1900
Lot & Building Features
Construction Frame
Sewer Public Sewer
Tax Year 2025
Taxes Paid $16,881
Water Public
Foundation Stone
Roof Rubber, Shingle
Full Baths 3
Parking Off Street
Total Rooms 11
Basement Feature Unfinished, Full
Garage Spaces 0
Map
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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.

