5 Surrey St Cambridge, MA 02138

Property Details for 5 Surrey St

Year built

1988

Property type

Commercial real estate

Description

This exceptional retail condo opportunity in Cambridge, MA, presents a unique investment prospect. Located at 5 Surrey Street, this property boasts a prime location amongst numerous Harvard student dormitories, ensuring consistent customer traffic. The 1,099,000 USD asking price includes a secured parking space and exclusive use of the basement. The property also features a half bathroom. Currently occupied by a thriving convenience store selling beer and wine, this business offers immediate rental income. The current tenant enjoys a successful operation, providing a stable revenue stream for the new owner. The lease terms offer the potential for significant rent increases upon expiration. This property holds significant historical value, having operated as "Louie's Superette" for over 50 years, creating lasting memories for generations of Harvard students. Note that this is an estate sale, and the closing is contingent upon the issuance of a license to sell from the Norfolk County Probate Court. This presents a rare chance to acquire a well-established business with strong potential for future growth in a highly desirable Cambridge location. The property's history and current success make it an attractive investment for those seeking a stable, income-generating asset with significant upside potential. The combination of a proven business model and a prime location makes this a truly unique opportunity.

Location Insight

City

Cambridge

County

Middlesex

State

Massachusetts

Longitude

-71.1141

Latitude

42.3687