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    389 Columbia St Cambridge, MA 02141

    Sponsored
    For Lease
    $360 /Mo

    15,000 SF Retail Opportunity

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 15,000 square foot retail space is located at 389 Columbia Street in Red Hook, Middlesex County. The property boasts a single-tenant occupancy, offering a blank canvas for a wide range of commercial ventures. The building's generous size, coupled with an additional 2,500 square feet of yard space, provides ample room for operations and potential expansion. The M1-1 zoning allows for a variety of uses, making this property highly versatile and attractive to a diverse range of businesses. The property is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a vibrant community. The lot dimensions measure 150 feet by 100 feet, providing significant visibility and accessibility. The monthly rent is $30,000. This is an exceptional opportunity for a business seeking a large, well-located retail space in a thriving area. The property's size, zoning, and location combine to create a compelling investment prospect with significant potential for growth and return. The vacant status allows for immediate occupancy and customization to suit the specific needs of the tenant. Don't miss this chance to secure a prime retail location in Red Hook.

    Property Features for 389 Columbia St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Total Rate
    360

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,000 SF
    Rate per SF
    $360

    HighLights

    • 15,000 square foot retail space available for lease.
    • Single‑tenant occupancy.
    • $30,000 monthly rent.
    • M1‑1 zoning.
    • Located in Middlesex County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -71.0950507
    Latitude
    42.3724728

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    FAQs

    What type of property is this?
    Retail property - 15,000 SF Retail Opportunity
    Where is this retail property located?
    The property is located at 389 Columbia St Cambridge, MA.
    What is the lease rate?
    The lease rate is $360 /Mo.
    What are key features of this property?
    This property features: 15,000 square foot retail space available for lease.; Single-tenant occupancy.; $30,000 monthly rent.
    Request Owner's contact information
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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
    389 Columbia St Cambridge, MA 02141
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