70 Beacon St - Freestanding FOR SALE


Somerville, MA 02143
$2,975,000 USD
617-751-5122
70 Beacon St, Somerville, MA for Sale
$2,975,000 USD
Freestanding - FOR SALE
1/11
null | 6.96% Cap Rate

70 Beacon St
Somerville, MA 02143


HIGHLIGHTS

  • Densely populated surrounding area.
  • Lots of natural light.
  • Parking available on site.

OVERVIEW

ATTENTION ALL INVESTORS & OWNER OCCUPANTS – This is your opportunity to purchase a rare retail investment opportunity in a prime Somerville/Cambridge location. Situated in the densely populated Inman Square 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. 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.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RC, Somerville

APN/PARCEL ID

SOME-000066-D000000-000005

ASK ABOUT THIS PROPERTY

Sean RoseCity Realty GroupMore Info
617-751-5122

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Sean RoseCity Realty GroupMore Info
617-751-5122

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.