142 Cross St
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142 Cross St
4,270 SF Retail Building Somerville, MA 02145 $1,098,539 CAD ($257 CAD/SF)
Investment Highlights
- Close to East Somerville T
- Very few competing restaurants in neighborhood
- On the Somerville Bike Path
Executive Summary
142 Cross Street presents a unique opportunity to acquire a stand-alone commercial property in the highly sought-after MR3 zone of Somerville. Ideally situated just a short distance from the East Somerville Green Line Station, this location offers exceptional access to Downtown Boston, Cambridge, and key development hubs including Boynton Yards and Union Square. With numerous large-scale projects transforming the area, this property is poised for significant future growth and potential.Historically used as a bar and restaurant, the building offers a versatile layout that can accommodate a variety of uses. According to Somerville's zoning regulations, the property is eligible for numerous permitted uses, including but not limited to: bar, restaurant, bakery, café, pet grooming, general office, daycare, body art services, and food market/grocery store. A complete list of permitted uses is available upon request. Great opportunity to expand your business or invest in the area!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,270 SF
Building Class
C
Year Built
1940
Price
$1,098,539 CAD
Price Per SF
$257 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Land Acres
0.15 AC
Zoning
BB
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Biker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | SOME-000093-D000000-000001 | Improvements Assessment | $388,241 CAD |
Land Assessment | $546,971 CAD | Total Assessment | $935,212 CAD |
PROPERTY TAXES
Parcel Number
SOME-000093-D000000-000001
Land Assessment
$546,971 CAD
Improvements Assessment
$388,241 CAD
Total Assessment
$935,212 CAD
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142 Cross St
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