aisellshomes.space

$2,950,000

Active

70 Beacon

Somerville, MA, 02143

Commercial · MLS #73466671

Days on market

New today

Lot size

0.17 ac

0.17 acres

Lot

About this home

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 with annual increases, covering 55% of the site’s expenses until 2034. 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 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.

Property details

Parking
1-10 Spaces, Paved Driveway, Permeable Pavement

Listed by Sean Rose · City Realty Group

Schedule a showing

70 Beacon

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$19,096 / month

Down payment20% · $590,000
Interest rate6.50%

Loan term

Principal & interest
$14,917
Property tax
$2,950
Home insurance
$1,229

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

Compare

Similar homes in Somerville