1991-2013 Massachusetts Ave - Apartments CONDO FOR SALE


Cambridge, MA 02140- Porter Square
$2,000,000 USD
857-999-1360
1991-2013 Massachusetts Ave, Cambridge, MA for Sale
$2,000,000 USD
Apartments CONDO - FOR SALE
1/11
null | 6% Cap Rate

1991-2013 Massachusetts Ave
Cambridge, MA 02140
Porter Square


OVERVIEW

For Sale: Prime Commercial Spaces in Luxury Condo Building Opportunity knocks with two exceptional commercial spaces for sale, located in a fully sold-out, newly constructed luxury condo building. These prime spaces are anchored by strong, long-term tenants, making them a perfect investment opportunity. The combined asking price for both spaces is $2 million. Cambridge Culinary School Café This vibrant café, located within the building, serves as an essential part of the Cambridge Culinary School. The café attracts a steady stream of customers, benefiting from both the school's reputation and the building's upscale residential environment. With a modern and inviting atmosphere, the café boasts a prime location that ensures high foot traffic from residents and visitors alike. As a long-term tenant, this space offers stable rental income and the potential for continued growth as the school's influence expands. Army Corps of Engineers Office Leased to the Army Corps of Engineers, this commercial space is occupied by a reliable and established tenant with a long-term lease in place. The office serves as a key government entity within the building, ensuring consistent and secure rental income. The Army Corps of Engineers' presence offers both credibility and stability, making this an attractive space for any investor looking for a low-risk commercial asset. Both spaces are located in a highly desirable, fully sold-out luxury condo building, offering unparalleled location and long-term value. This is a rare opportunity to secure two income-producing properties with reputable tenants in place. Don’t miss out on this incredible investment opportunity!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,035 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St James Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

67,790 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ben SilvaAcorn HoldingsMore Info
857-999-1360

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Ben SilvaAcorn HoldingsMore Info
857-999-1360

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