Skip To Content

70 Beacon

Somerville, MA 02143
  • $2,975,000
  • STATUS: Active
  • MLS #: 73288394
UPDATED: 18 min ago
$2,975,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Listing courtesy of Sean Rose of City Realty Group.

Description

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.

Monthly Payment Calculator



The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-12-10T14:04:20.733.
www.welchmanrealestate.com/homes/155020895
Print Image

70 Beacon Somerville, MA 02143

  • Price: $2,975,000
  • Status: Active
  • On Site: Days
  • Updated: 18 min ago
  • MLS #: 73288394
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1900
Built
County:
Middlesex
Property Description
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.
Exterior Features

Parking Total 3 Waterfront YN No

Property Features

Association YN No Business Type Commercial Gross Income 254577 Home Warranty YN No Net Operating Income 207000 Operating Expense 47577 Senior Community YN No Tax Annual Amount 24578 Tax Year 2023 Utilities Public WaterPublic Sewer Zoning MR3

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Sean Rose of City Realty Group: 617-751-5119.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-12-10T14:04:20.733.
 
https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73288394_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73288394_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73288394_2.jpg
Logo
Welchman Real Estate Group | Lila Delman Compass
29 Meetinghouse Lane
Little Compton RI, 02837
Listing courtesy of Sean Rose of City Realty Group.