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Below-Grade Restaurant Entertainment Space
For Sale
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296 Green Street, Cambridge, MA 02139

Zoned for restaurant use, this below-grade raw space suits a tenant-led buildout near major transit access.

Property Size4,600 SF
Price / SF$0.00
Days on Market585

Property Features for 296 Green Street

General Information

Standard status Active
Size 4,600 SF
Property subtype Commercial
Zoning C-3
Lease Type NNN

Taxes and HOA fees

Annual Taxes $31,540

Building Details

Year Built 1910
Listing Agency: Coldwell Banker Realty - Marblehead
Listed By: Chris Bernier
Source: Churchillprop
Added: Jan 12, 2025 Changed: Aug 19 Last Checked: Aug 20 at 4:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Marblehead

Investment Insights

Based on property information with market context.

This below-grade, raw space is zoned for restaurant use and is being offered as a tenant-led buildout opportunity. The site is approximately 50 feet by 92 feet, providing an open canvas for a concept that fits restaurant and entertainment operations.

The property is located near Central Square, with steps to the Red Line and multiple bus routes. It is also about 450 feet from the Green Street garage, supporting convenient access for patrons and staff.

Given the restaurant zoning and flexible interior condition, the space may be a workable fit for an operator planning a hospitality or nightlife concept, including a restaurant, night club, ultra lounge, or a small theatre. The below-grade configuration should be evaluated for the intended layout and patron flow, but the raw condition allows the tenant to plan and complete the buildout to match their program.

Key Highlights

  • Approx. 4,600 SF below‑grade raw space available for tenant buildout
  • Zoned restaurant space; suitable for a night club, ultra lounge, restaurant, entertainment, or small theatre
  • Offered at $18 per SF, NNN

Property Analytics

Current Use

Night clubs

Suggested Use

Top Pick Nail Salon Food Market Grocery & Convenience Store Big Box & Wholesale Store Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,550
Businesses Nearby
49k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 47% Groceries 29% Shops & Services 24%
McDonald's Dining
16,617 visits/mo 0.2 miles
Whole Foods Market Groceries
14,071 visits/mo 0.2 miles
Dunkin' Donuts Dining
6,688 visits/mo 0.5 miles
Sunoco Shops & Services
4,974 visits/mo 0.4 miles
Citizens Bank Shops & Services
3,970 visits/mo 0.1 miles

Demographics for 02139, MA

39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

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  • The Thirsty Ear Pub Ashdown House, 235 Albany St, Cambridge, MA 02139
  • MIT Banana Lounge Vassar St #26, Cambridge, MA 02142

Frequently Asked Questions

What type of property is this?
Night club - Zoned for restaurant use, this below-grade raw space suits a tenant-led buildout near major transit access.
Where is this night club located?
The property is located at 296 Green Street Cambridge, MA.
What are key features of this property?
This property features: Approx. 4,600 SF below‑grade raw space available for tenant buildout; Zoned restaurant space; suitable for a night club, ultra lounge, restaurant, entertainment, or small theatre; Offered at $18 per SF, NNN
More about this property
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