Turnkey Corner Restaurant
233 Cardinal Medeiros Avenue Unit 5 Cambridge, MA 02141
New
233 Cardinal Medeiros Avenue Unit 5, Cambridge, MA, 02141
$950,000
For Sale
$950,000
Turnkey retail and restaurant condo with built-in commercial kitchen infrastructure and ADA-compliant bathrooms.
Property Size1,600 SF
Price / SF$593.75
Days on Market2
Property Features for 233 Cardinal Medeiros Avenue Unit 5
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Cameron Real Estate Group
(978) 927-8700
Listed by
David Maker · License #009525221
Source
Classifiedrealtygroup
Added: Jul 21 Updated: Jul 22 at 8:07AM Checked: Jul 22 at 8:07AM
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 Cameron Real Estate Group
Investment Insights
Based on property information with market context.
This turnkey corner-unit retail and restaurant condo is fully built out and ready for its next concept. The space includes commercial kitchen infrastructure already in place, along with two ADA-compliant bathrooms to support guest accessibility.
Configured for customer service, the unit offers seating for 55 indoors and an additional 16 seasonal patio seats. All furniture, fixtures, and equipment (FF&E) are included with the sale, which can simplify transition for the next operator or buyer.
Set up as a commercial kitchen-ready environment inside a condominium format, this unit is offered for sale as a developed, operationally oriented space rather than raw shell condition.
Configured for customer service, the unit offers seating for 55 indoors and an additional 16 seasonal patio seats. All furniture, fixtures, and equipment (FF&E) are included with the sale, which can simplify transition for the next operator or buyer.
Set up as a commercial kitchen-ready environment inside a condominium format, this unit is offered for sale as a developed, operationally oriented space rather than raw shell condition.
Key Highlights
- 1,600 SF corner‑lot retail/restaurant condo with a built‑out layout at 233 Cardinal Medeiros Avenue
- Full commercial kitchen infrastructure in place for restaurant use
- Seating for 55 indoors plus 16 seasonal patio seats
Local Financial Insights For Specialty 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 | $49.9k | $31.20 |
| − Vacancy | −$2.9k | −$1.81 |
| EGI | $47.0k | $29.39 |
| − OpEx | −$11.8k | −$7.35 |
| NOI | $35.3k | $22.04 |
1,600 SF · lease $31.20/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$503.8K
$440.9K – $587.8K
NOI $35,268 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,347 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mamaleh's Kibitz Corner
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey retail and restaurant condo with built-in commercial kitchen infrastructure and ADA-compliant bathrooms.
Where is this conventional restaurant located?
The property is located at 233 Cardinal Medeiros Avenue Unit 5 Cambridge, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,600 SF corner‑lot retail/restaurant condo with a built‑out layout at 233 Cardinal Medeiros Avenue; Full commercial kitchen infrastructure in place for restaurant use; Seating for 55 indoors plus 16 seasonal patio seats
