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1-3 Woodbine Street, Somerville, MA 02143

Boston Realty Advisors
Boston Realty Advisors
Listed by Boston Realty Advisors
$1,599,000
3 days on market
Updated 3 days ago

1-3 Woodbine Street

Details
Property Type Land
Sub Type Commercial
Price per SqFt $329
Lot Size (SqFt) 4,860
Investment Type Redevelopment

Land | 4,860 SqFt

Marketing description

Transit-oriented luxury multifamily development opportunity ideally located adjacent to the recently improved Junction Park. The proposed development will benefit from unobstructed park views on a corner location at Woodbine and Centre Street. The current owner is in the process of expanding the lot to approximately 4,860 square feet, with final land consolidation expected to be approved in February. Architectural plans and renderings have been prepared for a thoughtfully designed four-unit project consisting of a three-unit primary building and a detached rear cottage. The proposed design leverages the existing two-family structure, significantly reducing construction costs and development risk while maximizing density and end value. A compelling opportunity for developers seeking a plan-ready, transit-oriented project in a high-demand Somerville location.

Ideally located between Somerville's Magoun Square and Spring Hill, 1–3 Woodbine Street offers excellent transit access and proximity to key employment and lifestyle amenities. The site is adjacent to Junction Park and minutes to the Green Line Extension, Assembly Row, and Union Square, providing direct connectivity to Cambridge, downtown Boston, and the greater metro area. Surrounded by established residential neighborhoods, retail, dining, and outdoor recreation, this location supports strong long-term demand for both for-sale and rental housing.

Listing Contacts

Boston Realty Advisors
Boston Realty Advisors
Listed by Boston Realty Advisors

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