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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
Freestanding
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
  • 2
  • 1,800 SF
  • Retail
  • End Cap
  • Now
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

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Whole Foods Market
Bank of America
DeMoulas Market Basket
Fitness Together
barre3
Shaw's
Citizens Bank
Rockland Trust Bank
Clover Food Lab
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SOME-000066-D000000-000005
Land Assessment
£524,085
Improvements Assessment
£542,473
Total Assessment
£1,066,558
  • Listing ID: 33138428

  • Date on Market: 11/09/2024

  • Last Updated:

  • Address: 70 Beacon St, Somerville, MA 02143

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