154 Cambridge StBurlington, MA 01803

  • Mixed-use properties
  • 25,988 SF
For Lease

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
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,296,592
    6.5%
    $3,966,086
    7%
    $3,682,794
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,395,592
    Geo Method
    $3,395,592
  • Alternative Use

    Use
    Valuation
    Residential
    $4,917,946
    Hospitality
    $4,504,812
    Educational
    $3,747,951
    Medical
    $3,876,848
    Retail
    $5,830,146
154 Cambridge St, Burlington, Massachusetts

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$265,340
$2,432,400
$12,384,000
$14,816,400
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FAQs

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