SQUARE FEET8,201
MLS#73470639
STATUSPending
PROPERTY TYPECommercial - Business
Property Description
Investment Highlights - Rarely available fully occupied mixed-use investment property in East Cambridge, MA INVESTMENT HIGHLIGHTSTHE ASSET: 616-620 Cambridge Street in East Cambridge is a FULLY OCCUPIED two-story fully-occupied mixed-use building (8,201SF) comprised of four (4), 2-Bedroom/1-Bathroom units above two (2), retail units, as follows: Retail Unit #1: City Liquors--a popular and well established liquor storeNew Restaurant Unit #2: Senmi Ramen--tenant built-out new restaurant/new lease. The East Cambridge outlook remains bright as rental demand continues at a steady rate.PRIME EAST CAMBRIDGE NEIGHBORHOOD: 616-620 Cambridge Street is located in East Cambridge, MA, one of the most desirable and supply-constrained urban neighborhoods. The area is characterized by dense residential development, strong demographics, and a vibrant mix of neighborhood retail, dining and within walking distance to many convenience-oriented businesses: $4,499,000..6.04% CAP
Property Features
Property Type: Commercial - Business
Lot Size: 0.14 Acres
Roof Type: Rubber
Taxes: $21,727
Year Built: 1950
Feature Descriptions
Building Area Total: 8201
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 90
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available, See Remarks
Listed By / Shown By
Listed By
Agency Name: TRB Realty
Agency Phone: 617-285-2578
Agent Name: Thomas R. Blakely
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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616-620 Cambridge St | MLS# 73470639
This commercial property located at 616-620 Cambridge St, Cambridge, MA 02141 is currently listed for sale with an asking price of $4,499,000. Search Cambridge real estate on www.masiellogrouprealestate.com today.