This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. A centrally located shared laundry facility adds value and convenience for residents. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants.There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come often?schedule a viewing today before this exceptional investment slips away! (id:47423)
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Detailed Information
Amenities Nearby
Public Transit, Shopping, Place of Worship
Community Features
School Bus
Listing Contract Date
2025-01-17
Location Description
Exit 14, turn West on Highway 1 to civic on left
Municipal ID
55157739
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
Stove, Dryer - Electric, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1960
Exterior Finish
Vinyl
Flooring Type
Laminate
Foundation Type
Block, Concrete Perimeter
Type
Triplex
Utility Water
Drilled Well
Land
Total Size
0.3398 acres
Amenities
Public Transit, Shopping, Place of Worship
Sewer
Municipal sewage system
Size of Irregular Land
0.3398
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