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Property profile & analytics
OFF-MARKET
Retail space

493 Concord Ave Cambridge, MA 02138

5,530 SF Built 1950
Individually Owned 8-yr Hold
Property ID
US38-1681030
Property summary
AI-generated overview

This exceptional two-story retail building, located at 493 Concord Ave in Cambridge, Massachusetts, presents a compelling owner-user investment opportunity. Boasting 5,530 square feet of space (2,765 square feet per floor), this 1950-built property enjoys a highly visible location at the intersection of Concord Avenue and Fresh Pond Parkway, benefiting from significant vehicular traffic. The building sits on a 2,361 square foot lot. A separate listing exists for an adjacent parking lot at 483 Concord Ave, offering 10 spaces, and both properties may be purchased together or individually. Note that billboards located on the property are not included in this sale. This property is ideal for a business seeking a prominent presence in a busy Cambridge commercial area. The building's size and location offer significant potential for a variety of retail uses. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Year built 1950
Total area 5,530 SF
UPID US38-1681030
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Louis A Sozio · 8 yrs held
Louis A Sozio
since 2018
1 recorded transaction
2018
$23,686
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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