ATTENTION ALL INVESTORS & OWNER OCCUPANTS – This is your opportunity to purchase a very rare retail opportunity in a prime Somerville/Cambridge location. Situated in the densely populated Inman Sq 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. Each suite comes with a full basement. 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.
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Last Updated: October 13th, 2024 at 4:43am
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General Information for 70 Beacon, Somerville, Massachusetts 02143
Property TypeCommercial Sale
Price$2,975,000
MLS #73288394
List Date2024-09-11
Special Listing ConditionsNo
StateMassachusetts
Street NameBeacon
Unit
CitySomerville
Zip Code02143
CountyMiddlesex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress70 Beacon, Somerville MA 02143
Zoning
Zoning DescriptionLegal Non-Conforming
Business TypeCommercial
Interior Features for 70 Beacon, Somerville, Massachusetts 02143
* Approx. Living Area Total0 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 70 Beacon, Somerville, Massachusetts 02143
* Parking Spaces3
* Year Built1900
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 70 Beacon, Somerville, Massachusetts 02143
Buyer Agent Compensation3
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 70 Beacon, Somerville, Massachusetts 02143
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$3,000,000
Lifestyle Information for 70 Beacon, Somerville, Massachusetts 02143
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 70 Beacon, Somerville, Massachusetts 02143
Marketing History for 70 Beacon, Somerville, Massachusetts 02143
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 70 Beacon, Somerville, Massachusetts 02143