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26 Surrey St - Surrey Market 1,165 SF Retail Condo Unit Offered at $950,000 in Cambridge, MA 02138

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Investment Highlights

Harvard students dorm area

Executive Summary

This is the only commercial unit in the 5 unit condominium.

Property Facts

Total Building Size	1,165 SF	Typical Floor Size	1,165 SF
Property Type	Retail (Condo)	Year Built	1988
Property Subtype	Storefront General Retail Convenience Store	Tenancy	Single
Building Class	C	Lot Size	0.10 AC
Floors	1	Parking Ratio	0.86/1,000 SF
Zoning	C1 - Non-conforming retail condo in residential area.

Total Building Size	1,165 SF
Property Type	Retail (Condo)
Property Subtype	Storefront General Retail Convenience Store
Building Class	C
Floors	1
Typical Floor Size	1,165 SF
Year Built	1988
Tenancy	Single
Lot Size	0.10 AC
Parking Ratio	0.86/1,000 SF
Zoning	C1 - Non-conforming retail condo in residential area.

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.