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26 Surrey St - Surrey Market 1,165 SF Retail Condo Unit Offered at $950,000 in Cambridge, MA 02138
INVESTMENT HIGHLIGHTS
- Harvard students dorm area
EXECUTIVE SUMMARY
This is the only commercial unit in the 5 unit condominium.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
1 UNIT AVAILABLE
Unit 1
| Unit Size | 1,165 SF | Cap Rate | 5.78% |
| Price | $950,000 | NOI | $54,950 |
| Price Per SF | $815.45 | No. Parking Spaces | 1 |
| Condo Use | Retail | Sale Conditions | High Vacancy Property |
| Sale Type | Investment |
| Unit Size | 1,165 SF |
| Price | $950,000 |
| Price Per SF | $815.45 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| NOI | $54,950 |
| No. Parking Spaces | 1 |
| Sale Conditions | High Vacancy Property |
DESCRIPTION
Ready to sell! Attention investors and end-users, at the current new cap rate, it's an excellent value for this A+++ location.
This retail condo comes with a secured parking space, exclusive usage basement, and one half bathroom. This is the only convenient store among many Harvard student dorms. The current tenant runs a very prosperous business which will provide the new owner a steady rent for now and will command much higher market rents after current lease expires. This Beer and Wine Convenient Store used to be named "Louie's Superette" for 50+ years until "Louie" retired 4 years ago. Generations of Harvard graduates had fond memories of this family run little store. This is an Estate Sale. Closing is subject to a license to sell by Norfolk County Probate court. It should not be more than a month delay.
SALE NOTES
Property is under agreement.
This is one of the five units but the only commercial unit. Usable basement.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Surrey Market |
-
|
Jan 0000
|
NEARBY MAJOR RETAILERS
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Move2boston
26 Surrey St - Surrey Market
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