950 Massachusetts Ave - Apartments CONDO FOR SALE


Cambridge, MA 02139
$2,795,000 USD
888-669-3332
950 Massachusetts Ave, Cambridge, MA for Sale
$2,795,000 USD
Apartments CONDO - FOR SALE
1/26
null | 5.98% Cap Rate

950 Massachusetts Ave
Cambridge, MA 02139


HIGHLIGHTS

  • INCLUDES 3 DEEDED UNDERGROUND PARKING SPACES!
  • Located between Harvard and Central Squares - Midway between Harvard University and M.I.T.
  • Potential uses are lab, office, retail, medical /clinical, and restaurant/café (no exterior venting).
  • All Allowable Commercial Uses of the BB-1 Zone; Includes most Retail, Office, Food-Related, Institutional, and Educational uses
  • Option for a Delayed Closing with a Sale Structure - entered into now - based on: a 10% Down Payment; and a 4.6% Mortgage Rate.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$803 USD /SF

CAP RATE

5.98%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail / Office/Lab Condo - 2% cobroke

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

123,558 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

BB1

APN/PARCEL ID

CAMB-000120-000000-000040-C000002

ASK ABOUT THIS PROPERTY

William McNamaraRentalsSalesMore Info
888-669-3332

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

William McNamaraRentalsSalesMore Info
888-669-3332

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