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489 Concord Ave 3,611 SF Retail Building Cambridge, MA 02138 $1,549,000 ($428.97/SF)
Investment Highlights
- Efficient open service layout
- Surrounded by local retailers, cafés, and community-serving businesses that drive neighborhood activity
- Inviting storefront with large display windows providing strong natural light and branding exposure
- Convenient access to Harvard Square, Fresh Pond, and public transit
- Flexible IA-1 Zoning supports a variety of commercial and light industrial uses
- High-visibility retail/service space in Observatory Hill along well-traveled Concord Avenue
Executive Summary
Exceptional commercial storefront opportunity along highly visible Concord Avenue in the desirable Observatory Hill neighborhood of Cambridge. Currently home to a long-established local business, this property presents a rare chance for developers or investors to secure a well-positioned asset within one of Cambridge’s most vibrant community corridors. The property offers approximately 3611 square feet of adaptable space with a flexible retail configuration, large storefront windows, abundant natural light, and an efficient interior layout suitable for a wide range of future uses. Its IA-1 zoning, private lot with approximately 10 parking spaces, and high-visibility frontage make it ideal for redevelopment or repositioning as boutique retail, wellness, office, or mixed-use space. Surrounded by a dense residential population, complementary neighborhood amenities, and excellent public transit access, this site benefits from consistent foot and vehicle traffic. An option to acquire both the real estate and established business is available for a turnkey transition or future redevelopment opportunity.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,611 SF
Building Class
B
Year Built/Renovated
1860/2007
Price
$1,549,000
Price Per SF
$428.97
Tenancy
Single
Building Height
3 Stories
Building FAR
0.82
Lot Size
0.10 AC
Zoning
C-1A - Industrial A-1
Parking
20 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
74’ on Concord
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | CAMB-000261-000000-000006 | Improvements Assessment | $141,500 |
| Land Assessment | $561,700 | Total Assessment | $703,200 |
Property Taxes
Parcel Number
CAMB-000261-000000-000006
Land Assessment
$561,700
Improvements Assessment
$141,500
Total Assessment
$703,200
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489 Concord Ave
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