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You are here:
Home Massachusetts Somerville Commercial Properties for Sale

70 Beacon Somerville, MA 02143
71 Days on Boston Pads
Price Reduced $25,000
5 Photos
$2,975,000
Type: Commercial
Lease Type N/A
SQFT: N/A
Restrooms: N/A
Parking: N/A
70 Beacon
Somerville, MA 02143
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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.
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Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Non-Conforming
  • MLS ID#: 73288394

Financial

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

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
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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View Breakdown

Map & Resources

Tree House Academy

Grades: PK-K

0.19mi

Cambridge-Ellis School

School

0.23mi

John M Tobin School

Public Elementary School, Grades: PK-5

0.35mi

Harvard University

University

0.35mi

Cambridge Rindge and Latin School

Public Secondary School, Grades: 9-12

0.37mi

Albert F. Argenziano School at Lincoln Park

Public Elementary School, Grades: PK-8

0.38mi

CGIS Knafel

University

0.41mi

CGIS South

University

0.41mi

Parlor Sports

Bar

0.21mi

Broadsheet Coffee Roasters

Coffee Shop & Mediterranean (Cafe)

0.17mi

1369 Coffee House

Coffee Shop. Offers: Vegetarian

0.29mi

bom dough

Cafe

0.38mi

Barismo 364

Coffee Shop & Cake (Cafe)

0.4mi

Starbucks

Coffee Shop

0.44mi

Fortissimo Coffeehouse

Coffee Shop & Brazilian (Cafe)

0.45mi

Dial-A-Pizza

Pizzeria

0.21mi

Temporary Station 10

Fire Station

0.15mi

Cambridge Fire Department

Fire Station

0.27mi

Cambridge Fire Department

Fire Station

0.49mi

Cambridge Hospital

Hospital

0.01mi

Spaulding Hospital Cambridge

Hospital

0.05mi

Esh Circus Arts

Gym. Sports: Gymnastics

0.37mi

Fitlab Pilates

Fitness Centre. Sports: Pilates

0.33mi

Boston Bouldering Project

Fitness Centre. Sports: Climbing

0.38mi

War Memorial Recreation Center

Sports Centre. Sports: Swimming

0.26mi

Argenziano Field

Sports Centre. Sports: Soccer

0.31mi

Lincoln Park Off-Leash Area

Dog Park

0.23mi

Maple Avenue Park

Park

0.19mi

Lincoln Park

Municipal Park

0.21mi

Perry Park

Municipal Park

0.21mi

Joan Lorentz Park

Park

0.28mi

Shady Hill Square

Municipal Park

0.29mi

Concord Square

Park

0.3mi

Portuguese Plaza

Park

0.35mi

Duffett Tot Lot

Playground

0.19mi

Palmacci Playground

Playground

0.26mi

Longfellow School Playground

Playground

0.35mi

Wilder Play Area

Playground

0.41mi

Naveo Credit Union

Bank

0.22mi

Cambridge Savings Bank

Bank

0.3mi

East Cambridge Savings Bank

Bank

0.34mi

Naveo Credit Union

Bank

0.47mi

Salon Bellissima

Beauty

0.32mi

Hollywood Nails Design

Nails

0.44mi

Lash Line Studios

Hairdresser

0.44mi

Filomena's

Beauty

0.44mi

Walgreens

Pharmacy

0.13mi

Skendarian Apothecary

Pharmacy

0.22mi

Inman Pharmacy

Pharmacy

0.25mi

Savenor's Market

Convenience

0.18mi

Harvard Market

Convenience

0.24mi

Friendly Market

Convenience

0.28mi

7-Eleven

Convenience

0.39mi

Quick Food Mart

Convenience

0.39mi

Beacon St @ Cooney St

83

0.05mi

Beacon St @ Smith Ave

83

0.07mi

Beacon St @ Calvin St

83

0.08mi

45 Beacon St

83

0.09mi

Cambridge St @ Camelia Ave - Cambridge Hospital

69

0.13mi

Cambridge St @ Highland Ave

69

0.14mi

Beacon St opp Concord Ave

83

0.15mi

Beacon St @ Washington St

83

0.15mi

Nearby Areas

Boston Commercial Property
Arlington Commercial Property
Belmont Commercial Property
Cambridge Commercial Property
Everett Commercial Property
Malden Commercial Property
Medford Commercial Property
Somerville Commercial Property
Watertown Commercial Property

Seller's Representative: Sean Rose, City Realty Group
MLS ID#: 73288394

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-12 03:05:00