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    1 Bennett St Cambridge, MA 02138

    For Lease
    Contact for pricing

    Iconic Cambridge Hotel, 6,409 SF Available

    Lot size:
    6,409 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional property, located at 1 Bennett St in Cambridge, Massachusetts, presents a unique investment opportunity. The Charles Hotel, a recently renovated establishment, offers a total of 6,409 square feet of retail and restaurant space currently available for lease. The building's prime location in the heart of Harvard Square ensures high visibility and foot traffic. The property is classified as a multi-tenant building, ideal for a variety of commercial uses. The substantial 600-space parking garage provides ample parking for guests, employees, and visitors, a significant advantage in a bustling urban environment. The hotel boasts a fully renovated lobby and a charming courtyard, enhancing the overall guest experience. Situated in Middlesex County, with a zip code of 02138, this property benefits from its proximity to Harvard University and the vibrant cultural scene of Harvard Square. The entire 6,409 square feet is currently vacant, offering a blank canvas for a creative and ambitious tenant to establish a thriving business. This is a rare chance to acquire a prominent space in one of the most sought-after locations in Cambridge. The property's size and amenities make it an attractive proposition for a variety of businesses seeking a high-profile location.

    Property Features for 1 Bennett St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,409 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,409 SF

    HighLights

    • 6,409 SF former restaurant space with patio available for lease.
    • Additional outdoor space, the "Forecourt Bar," is also available.
    • Located in a recently renovated hotel with updated lobby and courtyard.
    • 600‑space parking garage available for tenants and guests.
    • Excellent location alongside established restaurants Henrietta's Table, Bar Enza, and Noir.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Charles Hotel Hotel Noir Bar Regattabar Restaurant Henrietta's Table American Restaurant Charles Square Farmers’ ... Farmers' Market

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1228956
    Latitude
    42.3722195

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    FAQs

    What type of property is this?
    Restaurant - Iconic Cambridge Hotel, 6,409 SF Available
    Where is this restaurant located?
    The property is located at 1 Bennett St Cambridge, MA.
    What are key features of this property?
    This property features: 6,409 SF former restaurant space with patio available for lease.; Additional outdoor space, the "Forecourt Bar," is also available.; Located in a recently renovated hotel with updated lobby and courtyard.
    Request Owner's contact information
    1 Bennett St Cambridge, MA 02138
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    Realmo Value Estimation

    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.

    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.

    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
    1 Bennett St Cambridge, MA 02138
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