Sold!
$4,250,000
8,201
Living Area
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Property Description
Investment Highlights - Rarely available fully occupied mixed-use investment property in East Cambridge, MA INVESTMENT HIGHLIGHTSTHE 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 storeNew 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: $4,499,000..6.04% CAP
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Highlights
- Area: East Cambridge
- Year Built: 1950
- Property Class: Commercial Sale
- Status: Closed
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Additional Details
- Roof: Rubber
- Zoning Description: Other (See Remarks)
- Zoning: Ba
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Fees / Taxes
- Tax Year: 2025
- Taxes: $21,727
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Listing information provided courtesy of V & E Realty.
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