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$1,900,000
Est. payment /mo
2,613 Sqft Lot
New
349 Cambridge St Cambridge, MA 02141
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73598950
HOA Y/N false
Year Built 1987
Annual Tax Amount $5,336
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Property Description
DEVELOPMENT OR INVESTMENT ...THIS PROPERTY IS LOCATED IN A CAM-6 ZONING SUB DISTRICT which allows up to a 6 story building. Fantastic Opportunity for Retail or Residential in a 'Paradise' Location ! DELIVERED VACANT. Family owned over 35 years by the same family. Previously home base for an electrical business for the past 3 decades with a retail storefront and over 1200 sq ft of additional basement/warehouse type space. In addition to the retail/ office business space there are two apartments with 3 rooms and a two level 6 room 3 bedroom apartment. IF the project exceeds more than 10 units or 10,000 residential sq ft, there will be a 20% affordable component. It appears possible to build 8 units with approximately 1400 sq ft per unit plus a commercial / retail component on the first floor. The building has one heating system. Electric is 200A/ 240V single phase electric. There are 4 electric meters (three plus a public). The listing agent does not hereby make any representations as to the accuracy of any statements made herein or the potential development of the property. Buyer's are strongly encouraged to do their own due diligence. Property will be delivered completely vacant prior to closing.
Location
State MA
County Middlesex
Zoning CAM-6
Direction Cambridge St between Inman Sq and the Courthouse
Exterior
Utilities Available Public Water, Public Sewer, 220 Volts
Others
Senior Community false

Listed by Steve Bremis Realty Group
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