Cambridge MA Land for Sale

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79 Spring Street Cambridge MA 02141

MLS Number 73015216

  • Land
  • Acreage 0.06
  • Zoning C1
  • Neighborhood East Cambridge

Developers & Contractors: Project Alert! A+ Location in East Cambridge! Currently small 1120sf, 2bed Single Family in so-so condition with deep lot. One best use would be to tear down and build 2 townhouses/condos - this will likely require variances. Each new unit, at about 1,800-2,200sf, would be worth about $1,700,000-$1,800,000 for a sell out of $3,400,000-$3,600,000. **Buyer should do their own due diligence about what can be built.** Seller is abutter and would support new project on the property, prefers a relatively quick closing. Currently tenanted at $2,500/month TAW and tenant willing to stay or can be delivered vacant. Stellar location just blocks to Middlesex Courthouse, 40 Thorndike project, Cambridgeside Galleria and Lechmere station. Super convenience!

Listed by Kathleen Alexander - Creative Living Team, Kathleen J. Alexander and Chris Brusil of Keller Williams Realty Boston-Metro | Back Bay

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Federal 30-year interest rate: 4.99% last updated on Aug 4, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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