154 Cambridge StBurlington, MA 01803

Property Details for 154 Cambridge St

Year built

2017

Construction

STEEL FRAME

Lot size

4.63 AC

Property size (Sq ft)

25,988 SF

Zone code

BG

Property type

Investment properties

Property subtype

Live-work space

APN

BURL M:000023 P:000245

APU

BURLM000023P000245

Description

The Shoppes at Simonds Park offers two exceptional retail spaces, totaling 1,901 to 2,273 square feet, in a vibrant new development at the intersection of Cambridge Street (Route 3A) and Center Street in Burlington, MA. This prime location boasts high visibility and foot traffic, situated in the heart of Burlington, offering unparalleled convenience and accessibility. One space is a corner restaurant space designed to accommodate up to 150 seats, with the added benefit of seasonal patio seating. Importantly, an approved liquor license is included with this space. The property's strategic location places it within walking distance of the Town Recreation Department, Town Common, Simonds Park, Grandview Farm, banks, the post office, a grocery store, and other essential retailers, ensuring a strong customer base. The development also includes 29 residential units, further enhancing the potential for consistent foot traffic and patronage. Pylon signage is available, providing excellent opportunities for branding and visibility. This is an exceptional opportunity for businesses seeking a high-traffic, well-located space in a thriving community. The flexible space is suitable for a variety of uses, including retail, restaurant, office, or gym. Multiple tenancy options are available. Contact us today to learn more about these exceptional spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $4,898,570

  6.5%

  $4,521,760

  7%

  $4,198,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,463,500

  Geo Method

  $3,463,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,849,420

  Retail / Commercial

  $4,537,940

  Hospitality / Lodging

  $3,317,470

  Office

  $4,494,900

  Institutional / Educational

  $4,700,810

  Residential Income

  $5,499,940

  Multifamily

  $6,596,340

  Automotive / Energy

  $4,029,260

  Parking / Income-Based Land

  $1,390,450

  Restaurant / Food Service

  $2,351,800

  Healthcare / Senior Housing

  $4,636,980

Location Insight

City

Burlington

County

Middlesex

State

Massachusetts

Latitude

42.5078

Longitude

-71.1957

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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