493 Concord Ave

493 Concord Ave Cambridge, MA 02138

493 Concord Ave, Cambridge, MA, 02138
493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138 493 Concord Ave, Cambridge, MA, 02138
FOR SALE
Property Type:
Street Retail
Amount:
$2,500,000
Last Verified:
Oct 27, 2024

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Description

Outstanding retail location at the intersection of Concord Avenue and Fresh Pond Parkway in the Fresh Pond area of Cambridge.
High vehicle traffic count.
Two story building with great visibility.
5,530 square foot on two floors (2,765 square foot on each floor).
Parking lot for sale at 483 Concord Ave (10 parking spaces) (see separate listing)
The sale does not include the billboards at 493 Concord Ave and 483 Concord Ave.

At the intersection of Concord Ave, Bay State Road, and New Street in the Fresh Pond area of Cambridge


Year Built: 1950
Building Size: 5530sq ft
Lot Size: 0.06 acres

Map of 493 Concord Ave, Cambridge, MA, 02138

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.