There are multiple listings for this address:

17 Clyde St

Somerville, MA, 02145

$1,695,000

Beds

0 Baths

SqFt

0.18 Acres

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!

Property Details

Price:

$1,695,000

MLS #:

73227505

Status:

Active Under Contract

Beds:

Baths:

Address:

17 Clyde St

Type:

Commercial

Subtype:

5+ Family – 5+ Units Up/Down

City:

Somerville

Listed Date:

Apr 23, 2024

State:

ZIP:

02145

Lot Size:

7,840 sqft / 0.18 acres (approx)

Year Built:

1886

Schools

Interior

Exterior

Parking Spots

Financial

Buyer Agent Compensation

Tax Year

2023

Taxes

$7,030

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Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

pegasusrealtyma@gmail.com

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Coldwell Banker Realty – Andover. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Rover IDX

17 Clyde St

Somerville, MA

17 Clyde St

Somerville, MA, 02145

$1,695,000

Beds

0 Baths

SqFt

0.18 Acres