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70 Beacon

Somerville, MA 02143
1 of 5 Photos Map
$3,000,000
0.17 Acres
  • Property Description
    ATTENTION ALL INVESTORS & OWNER OCCUPANTS – This is your opportunity to purchase a very rare retail opportunity in a prime Somerville/Cambridge location. Situated in the densely populated Inman Sq area, with over 60,000 residents within a 1 mile radius, the building features two retail units with great frontage along Beacon St. Unit #70 is a 2,020 SF bar/restaurant tenant paying $53.47 psf NNN, covering 55% of the site’s expenses. Unit #70E is an 1,800 SF former veterinary clinic that is the perfect fit for an owner occupant or savvy investor to lease out. Each suite comes with a full basement. There is parking on site, ample signage opportunities, as well as significant street parking in the immediate area. Whole Foods is located just across the street and CHA Cambridge Hospital is right around the corner. Please reach out to the listing agent via call/email with any questions/inquiries or to schedule a showing. Pro-forma & site plans can be shared upon request.
  • Highlights
    • Parking Spots: 3
    • Year Built: 1900
    • Property Class: Commercial Sale
    • Status: Active
  • Additional Details
    • Zoning: Mr3
    • Zoning Description: Legal Non-Conforming
  • Fees / Taxes
    • Buyer Agent Compensation: 2%
    • Taxes: $24,578
    • Tax Year: 2023

Location

70 Beacon, Somerville, MA 02143

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