1110 Commonwealth Ave
Cambridge, MA
Offering Summary
Avison Young is pleased to offer for sale 1110 Massachusetts Avenue, a mixed-use residential apartment building with street-level retail that is situated in a generational location only steps from Harvard Square and the campus of prestigious Harvard University. The well-maintained building has been continually updated and renovated over the years, and the unit mix includes a generous lower-level studio with a private entrance, two 2-bed 1-bath units, one 2-bed 1.5-bath duplex with a private roof deck and in-unit washer & dryer, and one street-level retail unit. 1110 Massachusetts Avenue features an ideal location between Cambridge's Harvard and Central Squares, where residents benefit from a plethora of dining, shopping and entertainment options just a short walk away. The Harvard MBTA red line station is only a five-minute walk from the property providing ease of comminuting throughout Cambridge and Greater Boston.
Property Summary
- Apartment Units 4
- Retail Unit 1
- Lease Rate 100%
- Rentable SF 5,068
- Stories 5 Stories plus lower level
- Asking Price $4,250,000 ($850,000/Unit)
Investment Highlights
- 100% leased, five-story plus lower-level building, with four apartment units and one retail unit.
- Ideal location in-between Cambridge’s Harvard and Central Squares where residents benefit from a plethora of dining, shopping and entertainment options just a short walk away.
- 0.3 miles from the Harvard MBTA Red line station, providing ease of commuting throughout Cambridge and Greater Boston.
- Modern residential units with central air, hardwood floors, open and updated kitchens, communal or in-unit washer and dryers, and balconies or decks on the upper floor units.
- Retail unit has prime frontage and signage on heavily traveled Massachusetts Avenue.
- Optionality to continue operations as a rental property and mark- to-market its current below market rents or take advantage of the soaring condo market and sell-off the units as individual condos.
