781-608-5964
236 Pearl St, Somerville, MA for Sale
Industrial - FOR SALE
1/1
null | Request Cap Rate

236 Pearl St
Somerville, MA 02145
Winter Hill


OVERVIEW

Lee & Associates is pleased to present 234–236 Pearl Street, a ±0.37-acre urban infill redevelopment opportunity in Somerville’s rapidly evolving Winter Hill neighborhood. Located within the Mid-Rise 6 (MR6) Zoning District, the site offers compelling density and redevelopment potential in one of Greater Boston’s most transitoriented and supply-constrained markets. The offering consists of two contiguous parcels currently improved with a ±13,000 SF industrial building and a ±1,932 SF multi-family house. The existing improvements provide near-term holding income while a developer advances planning, entitlement strategy, and design. The site configuration, corner presence, and scale create flexibility for repositioning into a higher and better use consistent with MR6 zoning parameters.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

234-236 Pearl Street

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32

LAND SF

13,939

ZONING

MR6

APN/PARCEL ID

SOME-000061-H000000-000008

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Stephanie DeeringLee & Associates BostonMore Info
781-608-5964

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Stephanie DeeringLee & Associates BostonMore Info
781-608-5964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.