aisellshomes.space

$2,995,000

Active

47-53R 8Th St

Cambridge, MA, 02141

Land · MLS #73466506

Days on market

New today

Lot size

0.11 ac

0.11 acres

Lot

About this home

As-of-right development opportunity in East Cambridge under the City’s new zoning. Ideally located near Kendall Square, MIT, and major life science and technology employers, this site offers a streamlined path to redevelopment in a highly sought-after, transit-oriented neighborhood. The property presents the opportunity to construct an elevator building, enhancing accessibility and long-term value. Buyers may also assume the current owner’s position in the permitting process, potentially expediting approvals and accelerating the project timeline. Enjoy proximity to cafés, restaurants, retail, parks, and everyday amenities, along with excellent access to MBTA bus routes, the Red and Green Lines, and major roadways. Surrounded by strong residential demand and ongoing investment, this site offers exceptional redevelopment potential with clear zoning. Seller to deliver stamped plans; buyer responsible for permitting and associated costs.

Property details

Road type
Public
Electric
110 Volts, 100 Amps

Listed by Adrian King · EVO Real Estate Group, LLC

Schedule a showing

47-53R 8Th St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$19,387 / month

Down payment20% · $599,000
Interest rate6.50%

Loan term

Principal & interest
$15,144
Property tax
$2,995
Home insurance
$1,248

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).