50 Moraine St - Residential LAND FOR SALE


Belmont, MA 02478- Waverly Square82,328 SF
$8,000,000 USD
617-872-0881
50 Moraine St, Belmont, MA for Sale
$8,000,000 USD
Residential LAND - FOR SALE
1/1
82,328 SF

50 Moraine St
Belmont, MA 02478
Waverly Square


HIGHLIGHTS

  • extremely convenient location, close to the MBTA Train to Boston and the MBTA Bus Line to Harvard Square
  • three minute walk to the Star Market Supermarket, Dunkin Donuts, and the Tatte Bakery
  • at the end of a quiet dead end street that abutts conservation land

OVERVIEW

Seller will sell the land "subject to" the Buyer obtaining permits. The highest and best use is probably 5 buildings, each 4 stories, yielding 20K s.f. each and 16 two bedroom units per building. The low income requirement is 15% of the units. Total project size : 80 units with 12 units to be designated "affordable". The lot has a slight grade change in the rear which should allow for a garage below grade. There is enough land to have all surface parking too. The location is spectacular : at the end of a dead end street. It abuts the Waverly Oaks conservation land and is a three minute walk to the MBTA train that goes into Boston and the direct bus line to Harvard Square. Star Market, Dunkin Donuts, and the Tatte Bakery in Waverly Square are also just a short three minute walk away.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/ACRE

$4,232,825/AC

PRICE/SF

$97 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

50 Moraine Street, Belmont, MA - MBTA Zoning

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Condo

LAND ACRES

1.89 AC

LAND SF

82,328 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

MOZ 5A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bill DillonLandmark Real EstateMore Info
617-872-0881

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Bill DillonLandmark Real EstateMore Info
617-872-0881

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