Ground-Floor Retail Condo
370 Broadway Cambridge, MA 02139
370 Broadway, Cambridge, MA, 02139
$650,000
For Sale
$650,000
Two contiguous ground-floor retail condo units offer high ceilings and expansive storefront windows.
Property Size2,264 SF
Price / SF$287.10
Days on Market163
Property Features for 370 Broadway
General Information
- Standard status
- Active
- Size
- 2,264 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
ABG Realty
(617) 492-9900
Listed by
Clare Thompson
Source
Stevebremis
Added: Feb 8 Updated: Jul 20 at 11:17PM Checked: Jul 20 at 11:17PM
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 ABG Realty
Investment Insights
Based on property information with market context.
This retail condo property includes two ground-floor units that can be purchased individually or together. Both feature high ceilings and expansive storefront windows, supporting a bright, open interior. The units are configured for flexible commercial use, with an efficient layout that can suit a range of storefront concepts, including traditional retail, boutique services, professional office, or wellness use.
The property offers prominent frontage on an active commercial corridor, positioned for both pedestrian and vehicular traffic.
The individual units include one at 1,080 square feet and the other at 1,184 square feet, and the combined, contiguous two-unit portfolio totals 2,264 square feet.
The property offers prominent frontage on an active commercial corridor, positioned for both pedestrian and vehicular traffic.
The individual units include one at 1,080 square feet and the other at 1,184 square feet, and the combined, contiguous two-unit portfolio totals 2,264 square feet.
Key Highlights
- Two contiguous ground‑floor retail condo units in an active commercial corridor
- One unit is 1,080 SF and the other is 1,184 SF, for a combined 2,264 SF portfolio
- Can be purchased individually for $650,000 per unit or together for $1.3 million
Local 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 | $67.9k | $30.00 |
| − Vacancy | −$4.4k | −$1.95 |
| EGI | $63.5k | $28.05 |
| − OpEx | −$19.1k | −$8.42 |
| NOI | $44.5k | $19.63 |
2,264 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$635.1K
$555.7K – $740.9K
NOI $44,454 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,180 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Snowdrop Montessori
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two contiguous ground-floor retail condo units offer high ceilings and expansive storefront windows.
Where is this retail space located?
The property is located at 370 Broadway Cambridge, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two contiguous ground‑floor retail condo units in an active commercial corridor; One unit is 1,080 SF and the other is 1,184 SF, for a combined 2,264 SF portfolio; Can be purchased individually for $650,000 per unit or together for $1.3 million
