MLS Public Remarks Lots of potential for positive cash flow with this great building right on Main Street. It has 4 separate units, the larger two of which could easily be combined to create a fine restaurant space, complete with a tin ceiling. Parking on site, storage space available both in the basement and on the second floor. Current use is retail and tavern. Building is in good shape and is offered at an incredible price.
Location Village
Other Marketing Area
Mailing City Cambridge
C/T/V Village
Unit #
Directions Hwy 12/18 E. From Madison, Becomes Main St. In Cambridge. Corner Park & Main St.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 4
Building Gross SqFt 8,575
Net Leasable SqFt 8,575
Year Built 1920
Source for Year Built PubR
Approx Bldg Dimen 76x81
Street Frontage 76
Parking Fees/Mo. $0
Onsite Parking 20
# of Stories 2
Ceiling Height Min 8
Ceiling Height Max 16
Number of Loading Docks 1
Zoning Com
Est. Total Acres 0.0
Source Of Est Acres
Lot Dimensions .3
Owner
Tradename
Land Assessment $45,000
Assessment Year 0
Net Taxes $6,080
Tax Year 2011
Improvements $217,500
Total Assessment $0
Income/Expenses Year $2,006
Gross Operating Income $0
Annual Operating Exp $29,965
Net Operating Income $19,712
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
1 |
n/a |
No |
$14,400 |
$0 |
$0 |
2,908 |
2 |
2 |
6/30/08 |
0 |
$22,800 |
$0 |
$0 |
1,480 |
3 |
3 |
3/31/08 |
0 |
$6,000 |
$0 |
$0 |
570 |
Items Included
Items Excluded
Heating/Cooling Central air, Forced air, Hot water
Water/Waste Municipal sewer, Municipal water
Basement
Fuel Electric, Natural gas
Seating Capacity 31-50 persons
Type Beauty/barber, Mixed use, Office, Restaurant/Supper Club, Retail, Service, Tavern
Exterior Treatment
Building Parking 11-20 spaces, Gravel, Onsite
Roofing Rubber/membrane
Terms/Option Land contract, Lease back
Miscellaneous
Documents on File Inventory list, P & L statement, Property Condition Report
Location Business district, Corner, Free standing, Near Major Highway
Tenant Pays Air Conditioning, Electric, Heat, Sewer, Snow removal, Water
Present Use Retail, Tavern
Licenses None
Lease Type Annual
Occupied by
Sale Includes Lease(s), Some equipment
Features Display window, Inside storage, Loading dock(s), Private Restrooms
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Stark Company, Realtors