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You are here:
Home Massachusetts Somerville Land for Sale

21 Allen Street Somerville, MA 02143

21 Allen Street, Somerville, MA
54 Days on Boston Pads
Price Reduced $840,000
0 Photos
$7,950,000
0.41 Acre
Residential
Lots: N/A
Zoning: N/A
HOA: N/A
21 Allen Street
Somerville, MA 02143

Property Description

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

Property Overview

Property Details click or tap to expand

Land Information

  • Land Description: City View(s)|Cleared|Fenced/Enclosed|Level
  • Amenities: Bike Path, Highway Access, Medical Facility, Park, Private School, Public School, Public Transportation, T-Station, University, Walk/Jog Trails
  • Road Type: Private, Public

Utilities

  • Water: Community Well, Public
  • Sewer: Inspection Required for Sale, Public
  • Electric Info: 220 Volts, At Street
  • Gas: At Street

Other Information

  • Last Updated: 05/03/24
  • Documents on File: Appraisal, Association Financial Statements, Blueprints, Brochure, Building Permit, Drawings, Feasibility Study, Floor Plans, Investment Analysis, Land Survey, Lease Agreement, None, Pro. Forma, Soil Survey
  • HOA: No
  • Reqd Own Association: Unknown

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View Breakdown

Seller's Representative: Ryan Taylor, Fortune RE
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-03 12:48:00