Rare Cambridge development opportunity offered at 85, 85A and 89 Clay Street. The offering includes a renovated two-family residence at 85 Clay, a separate rear cottage residence known as 85A Clay, and the larger lot at 89 Clay with a garage and parking spaces. Together, the two tax parcels contain approximately 9,254 sq. ft. per City assessing records; lot area, boundaries and frontage require independent survey verification. Set within North Cambridge's established residential neighborhood, the site offers convenient access to Alewife and Davis Square, Red Line service, and shops, cafes and restaurants along Massachusetts Avenue. Nearby Linear Park and the area's walking and cycling network add to the lifestyle appeal. The combination of neighborhood character, transit access and everyday conveniences offers an appealing setting for a potential condominium project, subject to feasibility and approvals. Existing residences paired with an adjoining garage lot present a rare opportunity to explore a thoughtfully designed residential development in Cambridge. A possible redevelopment concept of approximately 18-33 residential units is presented for buyer investigation only. THIS CONCEPT HAS NOT BEEN APPROVED BY THE CITY OF CAMBRIDGE. The unit range is conceptual, is not a statement of existing or permitted units, and is not a representation that this density is feasible or permitted by right.
Presenting 815 Somerville Avenue, an exceptional redevelopment opportunity located in the heart of Porter Square, Cambridge, Massachusetts. 815 Somerville Ave is a three-story brick building comprised of 27,824 gross square feet and18 garage parking spaces. The building is situated on a 10,442 square foot parcel and sits within the Massachusetts Avenue District – a new zoning district that allows up to 12 stories of residential use by-right. The property is located across the street from the MBTA Porter Square Station (Red Line), providing direct access to Harvard, MIT, Kendall Square and Downtown Boston within minutes. Exceptionally located and surrounded by amenities, cultural activities and demand drivers, 815 Somerville Ave presents investors with a multitude of alternative use and value-creation opportunities, including ground up redevelopment for residential use, re-tenanting the existing office space, or utilizing the in-place approvals to retrofit the building for lab/R&D use.
Cambridge is located in Massachusetts. Cambridge, Massachusetts has a population of 116,892. Cambridge is less family-centric than the surrounding county with 31.66% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Cambridge, Massachusetts is $112,565. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Cambridge is 30.5 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 48 inches per year, with 50 inches of snow per year.
