7 Washington StreetSomerville, MA 02143Price: $1,250,000

7 Washington Street features an exciting redevelopment opportunity. The Mid-Rise 4 district is characterized by a variety of moderate floor plate buildings up to four (4) stories in height. Buildings are set close to the sidewalk to create a defined street wall that supports pedestrian activity and a sense of place. The Property is approved as a 10-unit multi-family dwelling with construction renderings. However, there is the opportunity to increase the unit count to 12. These renderings feature one (1) Studio unit, four (4) 1-Bedroom/1-Bathroom units, three (3) 2-Bedroom/1-Bathroom units, one (1) 2-Bedroom/2 Bathroom unit, and one (1) 3-Bedroom/2-Bathroom unit with 10,537 square feet of gross area. The Property is situated upon a 0.07-acre parcel and has on-street parking and sixteen (16) bike spaces. There is currently a single family home on the parcel. Ideally positioned near Union Square, the site offers exceptional access to vibrant neighborhood retail, dining, employment centers, and established residential communities. The Property benefits from outstanding regional connectivity via Interstate 93, McGrath Highway (Route 28), and nearby Route 38, while nearby MBTA Station's provide direct transit access to Cambridge and downtown Boston.