$1,150,000
FOR SALE496 Medford Street, Somerville MA 02145
Somerville, Ma, 02145
MLS #73436389
Subdivision: -
Building: -
2 Beds
1/1 Baths
1244 sqft
$ 924.44 /sqft
Prime TOD opportunity in Somervilles vibrant Magoun Square, steps from the Green Line Extension. This 2,240 SF MR-4 zoned lot with Pedestrian Street Overlay allows up to 4 storiesideal for a mixed-use project with approx. 6 residential units above ground-floor commercial or amenity space. No parking requirements and flexible design standards support a walkable, transit-friendly concept aligned with the citys smart growth vision. The lots dimensions allow for modern condo or townhouse-style layouts. Ground floor and basement are well-suited for retail, amenities, or storage, maximizing value and livability. Zoning analysis completeddevelopers can move quickly to design and permitting. A rare blend of timing, location, and zoning flexibility in one of Greater Bostons most in-demand neighborhoods. Strong market comps, buyer demand, and local precedent make this a standout infill opportunity.
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