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    5 Surrey St Cambridge, MA 02138

    For Sale
    $1,099,000

    Prime Location, Steady Income, Estate Sale

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional retail condo opportunity in Cambridge, MA, presents a unique investment prospect. Located at 5 Surrey Street, this property boasts a prime location amongst numerous Harvard student dormitories, ensuring consistent customer traffic. The 1,099,000 USD asking price includes a secured parking space and exclusive use of the basement. The property also features a half bathroom. Currently occupied by a thriving convenience store selling beer and wine, this business offers immediate rental income. The current tenant enjoys a successful operation, providing a stable revenue stream for the new owner. The lease terms offer the potential for significant rent increases upon expiration. This property holds significant historical value, having operated as "Louie's Superette" for over 50 years, creating lasting memories for generations of Harvard students. Note that this is an estate sale, and the closing is contingent upon the issuance of a license to sell from the Norfolk County Probate Court. This presents a rare chance to acquire a well-established business with strong potential for future growth in a highly desirable Cambridge location. The property's history and current success make it an attractive investment for those seeking a stable, income-generating asset with significant upside potential. The combination of a proven business model and a prime location makes this a truly unique opportunity.

    Property Features for 5 Surrey St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1141
    Latitude
    42.36871

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Steady Income, Estate Sale
    Where is this commercial real estate located?
    The property is located at 5 Surrey St Cambridge, MA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    (617) 467-4889
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Surrey St Cambridge, MA 02138
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