279 Cambridge StBurlington, MA 01803

Property Details for 279 Cambridge St

Year built

1965

Construction

FRAME

Lot size

0.26 AC

Property size (Sq ft)

5,250 SF

Zone code

BG

Property type

Office properties

Property subtype

Office buildings

APN

BURL M:000016 P:000240

APU

BURLM000016P000240

Description

This exceptional 1,117 square foot commercial condo in Burlington, MA, presents a unique investment opportunity. Located at 279 Cambridge Street, this property boasts a versatile layout suitable for a variety of uses, including retail, office, or mixed-use businesses. Its prime location ensures high visibility and convenient access to major roadways, providing optimal accessibility for both clients and employees. Ample parking is available. The property has recently undergone significant updates, including a new heating and air conditioning system, a new hot water heater, and exterior improvements to the front of the building. These upgrades enhance the property's functionality and modern appeal, making it an attractive option for businesses seeking a move-in ready space. Currently operating as a hair salon (separately listed under MLS #73313976), this property offers the chance to own your business location in a thriving market. The asking price is $360,000. This is an exclusive opportunity to acquire a well-maintained, updated commercial space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $867,982

  6.5%

  $801,214

  7%

  $743,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $685,965

  Geo Method

  $685,965

• Alternative Use

  Use

  Valuation

  Residential

  $993,505

  Hospitality

  $910,046

  Educational

  $757,147

  Medical

  $783,187

  Retail

  $1,177,784

Location Insight

City

Burlington

County

Middlesex

State

Massachusetts

Latitude

42.5152

Longitude

-71.2062

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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