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$3,995,000
Est. payment /mo
2 Beds
2.5 Baths
7,576 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,576 sqft
Price per Sqft $527
MLS Listing ID 73432171
Bedrooms 2
Full Baths 2
Half Baths 1
Year Built 1840
Annual Tax Amount $11,322
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5-9 Family
Property Description
Discover an unparalleled opportunity at 305-307 Broadway in Cambridge, MA, perfect for conversion into luxury condos, high-end apartment rentals, or a grand Inn. Current gross square footage, w/basement is 9,794 and condo resale value of close to $1000/ppsf = est. $9,794,000 gross profit. Sits on a 5,734 sq ft lot is a developer's dream under the city's new zoning regulations, allowing up to 6 stories with inclusionary housing or 4 stories by right. Situated in the heart of Cambridge, just steps from the vibrant business districts of Kendall, Central, & Inman Squares, this location promises minimal vacancies due to its prime position. Envision crafting a landmark that thrives in Cambridge's dynamic cultural & economic environment, with proximity to renowned universities and bustling commercial areas ensuring high demand & impressive returns. Engage with Cambridge's progressive community and capitalize on the city's push for sustainable urban growth. An iconic development opportunity.
Location
State MA
County Middlesex
Zoning C-1
Direction Corner of Broadway and Tremont Street
Exterior
Fence Fenced
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Compass
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