Artist-tenants plan fund-raisers to help defray estimated $100,000 gap between $1.8 million asking price and money raised so far.

The four-story Central Street Studios is a home to 29 artists and musicians that lease the space to paint, write and create.

the Somerville Arts Council, the event’s organizer, said. Those include main streets such as Broadway, Highland Avenue, Elm Street and others that typically see heavy vehicle traffic.