Cambridge Commercial Condo in Porter
1812 Massachusetts Ave Cambridge, MA 02140
For Sale
Contact for pricing
Pending
Street-level commercial condo in vibrant Porter Square, Cambridge.
Property Size3,692 SF
Days on Market672
Property Features for 1812 Massachusetts Ave
General Information
- Standard status
- Pending
- Size
- 3,692 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1930
Listing Agency:
Hunneman
(781) 888-5284
Listed By:
Carl Christie · License #MA 9521806
Source:
Crexi
Added: Sep 20, 2024
Changed: Jul 10
Last Checked: Jul 22 at 8:35AM
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 Hunneman
Investment Insights
Based on property information with market context.
Located at 1812 Massachusetts Avenue in Cambridge, MA, this street-level commercial condominium offers approximately 2,224 square feet on the first floor, complemented by a finished basement with 905 square feet of kitchen space and an additional 563 square feet of hallway space. The property is currently vacant. The suite is suitable for a restaurant, including fine dining, a retail shop, or an office. The property benefits from abundant natural light and high visibility due to its frontage on Massachusetts Avenue. Situated in the heart of Porter Square, the location provides convenient access to the MBTA Red Line. The condo includes one deeded parking space. The property offers an opportunity for an investor or owner/user to acquire a commercial condominium in Cambridge, MA.
Key Highlights
- Prime Porter Square location with high visibility frontage on Massachusetts Avenue.
- Versatile space suitable for restaurant, retail, or office use.
- Significant square footage: 2,224 sq ft on the 1st floor plus 905 sq ft finished basement with kitchen space.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $30.00 |
| − Vacancy | −$7.2k | −$1.95 |
| EGI | $103.6k | $28.05 |
| − OpEx | −$31.1k | −$8.42 |
| NOI | $72.5k | $19.63 |
3,692 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$906.2K – $1.21M
NOI $72,492 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,245 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WT Phelan Insurance
Insurance Agency
Thayer & Associates
Property Management Company
FAQs
What type of property is this?
Retail space - Street-level commercial condo in vibrant Porter Square, Cambridge.
Where is this retail space located?
The property is located at 1812 Massachusetts Ave Cambridge, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime Porter Square location with high visibility frontage on Massachusetts Avenue.; Versatile space suitable for restaurant, retail, or office use.; Significant square footage: 2,224 sq ft on the 1st floor plus 905 sq ft finished basement with kitchen space.
