70 Beacon St
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70 Beacon St
7,640 SF 76% Leased Retail Building Somerville, MA 02143 £2,327,789 (£305/SF) 6.96% Net Initial Yield
Investment Highlights
- Densely populated surrounding area.
- Parking available on site.
- Lots of natural light.
Executive Summary
ATTENTION ALL INVESTORS & OWNER OCCUPANTS – This is your opportunity to purchase a rare retail investment opportunity in a prime Somerville/Cambridge location. Situated in the densely populated Inman Square 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. 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,640 SF
Building Class
C
Year Built
1900
Price
£2,327,789
Price Per SF
£305
Net Initial Yield
6.96%
NOI
£161,967
Percent Leased
76%
Tenancy
Multiple
Number of Floors
1
Building FAR
1.03
Lot Size
0.17 AC
Zoning
RC, Somerville - General retail uses allowed.
Frontage
100 ft on Beacon Street
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Space | Size | Space Use | Position | Available |
2 | 1,800 SF | Retail | End Cap | Now |
2
Size |
1,800 SF |
Space Use |
Retail |
Position |
End Cap |
Available |
Now |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2
Size | 1,800 SF |
Space Use | Retail |
Position | End Cap |
Available | Now |
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | SOME-000066-D000000-000005 | Improvements Assessment | £542,473 |
Land Assessment | £524,085 | Total Assessment | £1,066,558 |
PROPERTY TAXES
Parcel Number
SOME-000066-D000000-000005
Land Assessment
£524,085
Improvements Assessment
£542,473
Total Assessment
£1,066,558
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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70 Beacon St
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