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950 Massachusetts Ave - Retail / Office/Lab Condo - 2% cobroke
3,481 SF Office/Retail Condo Unit Offered at $2,795,000 in Cambridge, MA 02139
Investment Highlights
- INCLUDES 3 DEEDED UNDERGROUND PARKING SPACES!
- Potential uses are lab, office, retail, medical /clinical, and restaurant/café (no exterior venting).
- Option for a Delayed Closing with a Sale Structure - entered into now - based on: a 10% Down Payment; and a 4.6% Mortgage Rate.
- Located between Harvard and Central Squares - Midway between Harvard University and M.I.T.
- All Allowable Commercial Uses of the BB-1 Zone; Includes most Retail, Office, Food-Related, Institutional, and Educational uses
Data Room Click Here to Access
- Sale Brochures
Property Facts
1 Unit Available
Unit C-3
| Unit Size | 3,481 SF | Sale Type | Investment or Owner User |
| Price | $2,795,000 | Cap Rate | 5.98% |
| Price Per SF | $802.93 | NOI | $167,170 |
| Condo Use | Office/Retail | No. Parking Spaces | 1 |
| Unit Size | 3,481 SF |
| Price | $2,795,000 |
| Price Per SF | $802.93 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.98% |
| NOI | $167,170 |
| No. Parking Spaces | 1 |
Description
First Floor Commercial Condo in a Mixed-Use Class A Building, currently built out for office/lab use. Potential uses are lab, office, retail, medical /clinical, and restaurant/café.
Sale Notes
INCLUDES 3 UNDERGROUND DEEDED PARKING SPACES!
Located between Harvard and Central Squares - Midway between Harvard University and M.I.T. Very strong professional and academic demographics. Heavy vehicular and pedestrian traffic. Perfect for uses benefiting from street level exposure. Somewhat set back from the street, on a small private green space, creating a dedicated entry area. Includes a secure garage parking space. Sign on signage pylon included.
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Security System
- Hardwood Floors
- Sprinkler System
Site Amenities
- Concierge
- Fitness Center
- Pool
- Elevator
zoning
| Zoning Code | BB1 (All Allowable Commercial Uses of the BB-1 Zone; Includes most Retail, Office, Food-Related, Institutional, and Educational uses.) |
| BB1 (All Allowable Commercial Uses of the BB-1 Zone; Includes most Retail, Office, Food-Related, Institutional, and Educational uses.) |
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950 Massachusetts Ave - Retail / Office/Lab Condo - 2% cobroke
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