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950 Massachusetts Ave
Cambridge, MA 02139 Riverside

$2,795,000 USD

Apartments Condo For Sale  •  3,481 SF

Property Details

  • Property Type Apartments
  • Total Building Size 123,558 SF
  • Lot Size 0.97 AC
  • Building Class B
  • Year Built 1989
  • Cap Rate 5.98 %
  • Zoning BB1
74 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit C-3 Office/Retail 3,481 SF $2,795,000 USD
  • Unit Size: 3,481 SF
  • Condo Use: Office/Retail
  • Price: $2,795,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $802.93 USD
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.

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.

Financial Summary

Cap Rate: 5.98 %
Total Expenses: $74,038 USD

Amenities

  • Air Conditioning
  • Concierge
  • Fitness Center
  • Pool
  • Heating
  • Security System
  • Hardwood Floors
  • Sprinkler System
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Porter Square (Fitchburg/South Acton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 3 min - 1.6 mi
Yawkey (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.9 mi
Transit/SubwayDriveWalkDistance
Central Square Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T)) 1 min 9 min 0.5 mi
Harvard Square Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T)) 1 min 11 min 0.6 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 15 min - 6.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: AttachedGarage
Included in Rent: Yes
William McNamara 888-669-3332 RentalsSales
William McNamara 888-669-3332 RentalsSales