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253 Cambridge St

Cambridge, MA 02141
$1,798,000
2,922 Living Area
  • Property Description
    Very rare to the market mixed-use property in this prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This 3-story brick building features a street-level restaurant and two residential units above. All 3 units are Tenant-at-Will, offering flexibility for repositioning or rent increases. Current rents are well below market, presenting immediate upside for investors. The restaurant space has excellent visibility along Cambridge Street and tremendous branding potential. Styled as a unique concept like "The Record Room", a nod to its across the street proximity to the Middlesex South Registry of Deeds, the concept could thrive with the tagline: “Where Deals Get Sealed.” Get creative with it and make this your cash cow! Ideal for investors or entrepreneurs looking for versatility in a high-demand area. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Multi-Family MLS #73367362.
  • Highlights
    • Property Class: Commercial Sale
    • Status: Active
    • Year Built: 1900
  • Additional Details
    • Roof: Rubber
    • Zoning Description: Legal Conforming
    • Zoning: Ba
  • Fees / Taxes
    • Tax Year: 2024
    • Taxes: $11,548

Location

253 Cambridge St, Cambridge, MA 02141

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