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616-620 Cambridge Street, East Cambridge, MA 620 Cambridge St 8,201 SF 100% Leased Retail Building East Cambridge, MA 02141 $4,499,000 ($548.59/SF) 6.04% Cap Rate
Investment Highlights
- Rarely available fully occupied mixed-use investment property in East Cambridge, MA
Executive Summary
INVESTMENT HIGHLIGHTS
THE 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 store
New 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.
THE 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 store
New 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,201 SF
Building Class
C
Year Built
1950
Price
$4,499,000
Price Per SF
$548.59
Cap Rate
6.04%
NOI
$271,880
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.31
Lot Size
0.14 AC
Zoning
BA, Cambridge--Up zoning* - BA
Frontage
144’ on Cambridge Street
Amenities
- Restaurant
- Signage
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | CAMB-000034-000000-000008 | Improvements Assessment | $1,569,000 |
| Land Assessment | $849,720 | Total Assessment | $2,418,720 |
Property Taxes
Parcel Number
CAMB-000034-000000-000008
Land Assessment
$849,720
Improvements Assessment
$1,569,000
Total Assessment
$2,418,720
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616-620 Cambridge Street, East Cambridge, MA | 620 Cambridge St
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