115 Willow Avenue, Somerville, MA, 02144

115 Willow Avenue Somerville, MA 02144

115 Willow Avenue, Somerville, MA, 02144
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FOR SALE
Property Type:
Factory
Amount:
Please Call Broker for Price

Last Verified:
Nov 20, 2024

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Highlights

  • Asking Price: $5,650,000
  • Square footage: 8096 SF
  • Lot Size: 0.19 Acres
  • Zone: Fabrication
  • 0.19 miles from Davis Square
  • Wide range of permitted uses

Description

Presenting an exceptional investment opportunity at 115 Willow Avenue, just minutes by foot to Davis Square. This 8,096 SF building, constructed in 1900, offers a blend of style and modern functionality, perfect for office, industrial, and manufacturing purposes. Zoned for Fabrication, the property is ideal for a range of applications. Potential uses include Artisanal Production, Education, Manufacturing, Co-working spaces, Food Production, and Cannabis Product Growing/Manufacturing. With ample space for operations and the potential for customization, this property is a prime choice for investors or users seeking a versatile and well-located facility.

Nestled in Somerville, MA, the property is ideally situated within the vibrant Boston MSA market, offering easy access to numerous amenities and points of interest. The area boasts proximity to Assembly Row, a bustling mixed-use development featuring an array of dining, shopping, and entertainment options, as well as Davis Square, known for its eclectic mix of restaurants, cafes, and cultural venues. Additionally, the location benefits from excellent connectivity, with nearby access to major transportation routes and public transit, including the MBTA Red Line. The community supports a thriving industrial and manufacturing sector, home to a variety of like-minded businesses, fostering a collaborative and growth-oriented environment. This dynamic neighborhood is perfect for investors seeking a strategic and resource-rich location.


Year Built: 1900
Building Size: 8096sq ft
Lot Size: 0.19 acres


Documents

115 Willow Ave Offering Memorandum

Map of 115 Willow Avenue, Somerville, MA, 02144

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.