$1,600,000
2,922
Living Area
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Property Description
Very rare to the market mixed-use property in this prime Cambridge location, just minutes from Kendall Square, MIT, Inman Square, and Lechmere Station. This 3-story brick building features a street-level restaurant and 2 residential units above. All 3 units are Tenant-at-Will and well below market rent, offering exceptional repositioning for rent increases. 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 flourish with the tagline: “Where Deals Get Sealed.” Get creative with it and capitalize on this high-yield opportunity! Ideal for restaurant owners or entrepreneurs looking to capitalize on a versatile income-producing property in a high-demand location. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Multi-Family MLS #73367367.
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Highlights
- Property Class: Commercial Sale
- Status: Closed
- Year Built: 1900
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Additional Details
- Roof: Rubber
- Zoning Description: Legal Conforming
- Zoning: Ba
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Fees / Taxes
- Tax Year: 2024
- Taxes: $11,548
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