PREMIER DEVELOPMENT OPPORTUNITY • 10,063 SF OF LAND
Boston Realty Advisors is pleased to present 121 Prospect Street, a premier development opportunity on the Somerville Cambridge line, under a quarter of a mile from the newly anticipated Union Square Station and steps from Cambridge’s Inman Square. 121 Prospect Street is approximately a 10,063 square foot corner lot recently up zoned for apartment development.
Conveniently located within a mile of Harvard, MIT and Central Square, 121 Prospect Street allows future residents convenient access to public transportation, and all that Somerville and Cambridge has to offer. To maximize its potential and compete with neighboring markets, the City of Somerville has shifted its focus to revitalization through its “Somervision” plan, which will result in thousands of residential units and millions of office & lab square footage to be delivered within the next decade. With the green line extension, residents will have easy access to Tufts University as well, bridging the gap between institutions.
The greater Boston market is home to World’s largest cluster of Life Science and Biotech Companies, complemented by a dominant higher educational presence. Between Union Square, Boynton Yards, Assembly Row, Kendall Square, Cambridge Crossing, and Hood Business Park, there is no better location for young professionals and students of all ages to be located.
121 Prospect Street is currently zoned for residential development. The existing lot of 10,063 square feet, is offered for sale on an un-priced basis. We will be sharing the details of the site and zoning information with a “call-for-offers” to follow.