349 St Cambridge Cambridge MA 02141 | MLS #73598950

DEVELOPMENT OR INVESTMENT …THIS PROPERTY IS LOCATED IN A CAM-6 ZONING SUB DISTRICT which allows up to a 6 story building. Fantastic Opportunity for Retail or Residential in a ‘Paradise’ Location ! DELIVERED VACANT. Family owned over 35 years by the same family. Previously home base for an electrical business for the past 3 decades with a retail storefront and over 1200 sq ft of additional basement/warehouse type space. In addition to the retail/ office business space there are two apartments with 3 rooms and a two level 6 room 3 bedroom apartment. IF the project exceeds more than 10 units or 10,000 residential sq ft, there will be a 20% affordable component. It appears possible to build 8 units with approximately 1400 sq ft per unit plus a commercial / retail component on the first floor. The building has one heating system. Electric is 200A/ 240V single phase electric. There are 4 electric meters (three plus a public). The listing agent does not hereby make any representations as to the accuracy of any statements made herein or the potential development of the property. Buyer’s are strongly encouraged to do their own due diligence. Property will be delivered completely vacant prior to closing.