Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    296 Green St Cambridge, MA 02139

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Zoned restaurant space for lease in Central Square.

    Lot size:
    0.18 Acres

    Property Features for 296 Green St

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Yannis Tsitsas
    Yannis Tsitsas
    Source: Exitrealty

    Listing Agency: #1 Realty Group Listing Agent: Yannis Tsitsas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Central Square Restaurant/Entertainment Space

    This is a below-grade, raw retail space located in Central Square, suitable for a nightclub, ultra lounge, restaurant, general entertainment venue, or small theater. The space is zoned for restaurant use and offers approximately 4,600 square feet, with dimensions of 50 feet by 92 feet. The tenant is responsible for the buildout. The property is located steps from the Central Square Red Line and multiple bus routes, and is 450 feet from the Green Street Garage.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1043427
    Latitude
    42.3646083

    Nearby Similar for Lease

    • $45 SF/Yr
      4,500 SF

      Cambridge Office Suite for Lease

      Class A office space near Alewife T station and Fresh Pond.
      185 Alewife Brook Pkwy, Cambridge, MA 02138
      View Details
    • Sponsored
      Contact for pricing

      Harvard Square

      Discover many ways to work your way in Reston Town Center I
      1 Mifflin Pl, Cambridge, MA 02138
      View Details
    • $1.00 SF/Yr
      100,188 SF

      Prime Porter Square Commercial Space

      Located in the heart of Porter Square, Cambridge near public transit.
      1902 Massachusetts Ave, Cambridge, MA 02140
      View Details
    • $5,000 /Mo
      1,000 SF

      Cambridge Office Space For Rent

      Office space available for lease in Cambridge, Massachusetts.
      625 Cambridge St, Cambridge, MA 02141
      View Details
    • Contact for pricing

      Cambridge Retail Space For Rent

      Ground floor retail space available at Cambridge and Marion Street.
      747 Cambridge St, Cambridge, MA 02141
      View Details
    • Contact for pricing

      Cambridge Retail Space For Rent

      Ground floor retail space in the heart of Cambridge.
      625 Cambridge St, Cambridge, MA 02141
      View Details
    • Contact for pricing

      Historic Office Building in Harvard

      Premier corner office space in the heart of Harvard Square.
      1430 Massachusetts Ave, Cambridge, MA 02138
      View Details
    • Contact for pricing
      11,000 SF

      Iconic Retail Space in Cambridge

      Premier flagship retail space in the heart of Harvard Square.
      1-30 Brattle St, Cambridge, MA 02138
      View Details
    • Contact for pricing

      Cambridge Multi-Building Opportunity For Rent

      Three buildings available individually or combined in Cambridge, Massachusetts.
      15 Notre Dame Ave, Cambridge, MA 02140
      View Details
    • $20 SF/Yr
      11,059 SF

      Cambridge Leasing Opportunity

      Located in Cambridge, Massachusetts, featuring outdoor play space and parking.
      35 Middlesex St, Cambridge, MA 02140
      View Details
    • Contact for pricing

      Retail Space in Cambridge's Inman Square

      2,437 SF retail space in walkable Inman Square.
      1036 Cambridge St, Cambridge, MA 02141
      View Details

    FAQs

    What type of property is this?
    Retail space - Zoned restaurant space for lease in Central Square.
    Where is this retail space located?
    The property is located at 296 Green St Cambridge, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime Central Square location with high foot traffic and accessibility.; - Zoned for restaurant/entertainment use, including nightclub, lounge, or small theatre.; - Large 4,600 sq ft raw space allows for customized buildout.
    (781) 354-1358
    Request Owner's contact information
    296 Green St Cambridge, MA 02139
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    296 Green St
    Cambridge, MA 02139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    296 Green St Cambridge, MA 02139
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yannis Tsitsas
    Yannis Tsitsas
    (781) 354-1358
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!