Very rare to the market mixed-use property in this prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This 3-story brick building features a street-level restaurant and two residential units above. All 3 units are Tenant-at-Will, offering flexibility for repositioning or rent increases. Current rents are well below market, presenting immediate upside for investors. The restaurant space has excellent visibility along Cambridge Street and tremendous branding potential. Styled as a unique concept like "The Record Room", a nod to its across the street proximity to the Middlesex South Registry of Deeds, the concept could thrive with the tagline: “Where Deals Get Sealed.” Get creative with it and make this your cash cow! Ideal for investors or entrepreneurs looking for versatility in a high-demand area. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Multi-Family MLS #73367362.
253 Cambridge St, Cambridge, MA, 02141
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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