70 Beacon, Somerville, MA 02143
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$3,000,000
Type: Commercial
Lease Type N/A
SQFT: N/A
N/A Restrooms
Parking: N/A

Property Description

ATTENTION ALL INVESTORS & OWNER OCCUPANTS – This is your opportunity to purchase a very rare retail opportunity in a prime Somerville/Cambridge location. Situated in the densely populated Inman Sq area, with over 60,000 residents within a 1 mile radius, the building features two retail units with great frontage along Beacon St. Unit #70 is a 2,020 SF bar/restaurant tenant paying $53.47 psf NNN, covering 55% of the site’s expenses. Unit #70E is an 1,800 SF former veterinary clinic that is the perfect fit for an owner occupant or savvy investor to lease out. Each suite comes with a full basement. There is parking on site, ample signage opportunities, as well as significant street parking in the immediate area. Whole Foods is located just across the street and CHA Cambridge Hospital is right around the corner. Please reach out to the listing agent via call/email with any questions/inquiries or to schedule a showing. Pro-forma & site plans can be shared upon request.

Property Details tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Non-Conforming
  • MLS ID#: 73369791

Financial

  • Gross Annual Expenses: 47577
  • Gross Annual Income: 254577
  • Net Operating Income: 207000

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/05/2025New$3,000,000MLSPIN
05/05/2025New$55MLSPIN
05/01/2025Expired$2,969,000MLSPIN
04/19/2025Expired$55MLSPIN
03/28/2025Active$55MLSPIN
03/24/2025Extended$55MLSPIN
03/04/2025Active$55MLSPIN
02/28/2025Extended$55MLSPIN
02/03/2025Active$2,969,000MLSPIN
02/03/2025Active$55MLSPIN
01/30/2025Price Change$2,969,000MLSPIN
01/30/2025Extended$55MLSPIN
12/23/2024Active$2,975,000MLSPIN
12/19/2024Extended$2,975,000MLSPIN
11/25/2024Active$55MLSPIN
11/21/2024New$55MLSPIN
11/16/2024Expired$55MLSPIN
10/12/2024Active$2,975,000MLSPIN
10/08/2024Price Change$2,975,000MLSPIN
09/15/2024Active$3,000,000MLSPIN
09/11/2024New$3,000,000MLSPIN
09/09/2024Active$55MLSPIN
09/05/2024New$55MLSPIN

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Seller's Representative: Sean Rose, City Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-09 03:05:00