727 Massachusetts Avenue, Cambridge, MA 02139

$12,000,000
26,000
SqFt
List Price
$12,000,000
Status
ACTIVE
MLS#
73185894
Living Area
26,000
Lot Size (Acres)
0.25
Year Built
1912

Property Description

Presented is the rare opportunity to acquire the historic Cambridge Gas Light Building located at 727 Mass Ave. The highly functional +/- 26,000 SF commercial building is situated in the heart of Central Square and offers investors the opportunity to acquire a generational asset in one of the most innovative and in demand submarkets in the world. In addition to its current configuration, 727 Mass Ave dually serves as an attractive redevelopment opportunity and is fully approved for a luxury apartment hotel, office, and retail concept. Approvals call for the renovation of the three existing floors to accommodate 20,000 SF of office space and retail. A vertical addition of +/- 34,000 SF atop the historic building would house 36 luxury apartment style hotel suites, enhancing the gross building SF to a total of +/-54,000. The suites are entitled to offer a diverse range of configurations, including studios, one- and two-bedroom concepts, and offer a variety of in suite luxury amenities.

Additional Information

Area
Central Square
Taxes
$99

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kevin Benzinger from Listing Office: Boston Realty Advisors.

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