Leased Retail Condo Restaurant
950 Massachusetts Avenue Cambridge, MA 02139
950 Massachusetts Avenue, Cambridge, MA, 02139
$3,950,000
For Sale
$3,950,000
Centrally located retail condo is fully leased to a longstanding neighborhood restaurant and Ubreak I Fix.
Property Size5,481 SF
Price / SF$720.67
Days on Market73
Property Features for 950 Massachusetts Avenue
General Information
- Standard status
- Active
- Size
- 5,481 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
Boston Realty Advisors
Listed by
Whitney Gallivan
(413) 768-9848
Source
Wandamooney
Added: May 10 Updated: Jul 21 at 5:26AM Checked: Jul 21 at 5:26AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This centrally located retail condo is offered for sale as a fully leased investment. The space is occupied by a longstanding neighborhood restaurant and Ubreak I Fix, providing an established retail mix within the property.
The property is located at 950 Massachusetts Avenue in Cambridge, Massachusetts.
The offering includes the 5,481-square-foot retail condo configuration as provided in the listing information.
The property is located at 950 Massachusetts Avenue in Cambridge, Massachusetts.
The offering includes the 5,481-square-foot retail condo configuration as provided in the listing information.
Key Highlights
- Retail condo built in 1989
- Fully leased to a longstanding neighborhood restaurant
- Fully leased to Ubreak I Fix
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 | $171.0k | $31.20 |
| − Vacancy | −$9.9k | −$1.81 |
| EGI | $161.1k | $29.39 |
| − OpEx | −$40.3k | −$7.35 |
| NOI | $120.8k | $22.04 |
5,481 SF · lease $31.20/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,817 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,619 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,791 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dumpling House
Restaurant
FamilyCord - Cord Blood ...
Medical Laboratory
Randolph Associates Inc
Employment Agency
Bay Square Condominium ...
Condominium Complex
uBreakiFix - Phone and Computer ...
Computer & Electronic Repair
Similar For Sale Nearby
Similar Off Market Nearby
- Weston MA Florist — 653 massachusetts ave, cambridge, ma 02139
- Petali Flowers — 92 Mt Auburn St, Cambridge, MA 02138
- Winchester MA Florist — 653 massachusetts ave, cambridge, ma 02139
- Boston Hospital Flowers — 653 Massachusetts Ave, Cambridge, MA 02139
- Karamahmut Inc — 8 merrill st, cambridge, ma 02139
FAQs
What type of property is this?
Storefront property - Centrally located retail condo is fully leased to a longstanding neighborhood restaurant and Ubreak I Fix.
Where is this storefront property located?
The property is located at 950 Massachusetts Avenue Cambridge, MA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Retail condo built in 1989; Fully leased to a longstanding neighborhood restaurant; Fully leased to Ubreak I Fix
