Massachusetts Ave Development Portfolio
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Massachusetts Ave Development Portfolio Portefeuille à vendre 2 biens Cambridge, MA
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 896-898 Massachusetts Avenue and 52 Hancock Street offer a prime development opportunity with updated zoning between Harvard and Central Squares.
- Current residential leases expire in August, transitioning to tenant-at-will status, supporting a smooth development timeline with minimal disruption.
- Positioned in the Harvard-MIT submarket, a high-demand rental corridor with strong demographics and one of the lowest vacancy rates in the country.
- Zoning now permits up to 75 feet or approximately six stories of new residential construction, with the potential for a separate four-story building.
- Located just a five-minute walk to the Harvard MBTA Red Line station, offering exceptional transit access throughout Cambridge and Greater Boston.
- Surrounded by 237,500 residents within two miles and an average household income above $130,500, supporting sustained, long-term rental demand.
RÉSUMÉ ANALYTIQUE
896–898 Massachusetts Avenue and 52 Hancock Street present an unmatched multi-tenant redevelopment opportunity in the heart of Cambridge, Massachusetts. Situated between Harvard Square and Central Square, this property includes a mixed-use building with two retail storefronts and 10 apartment units, along with a separate 3,600-square-foot parcel at 52 Hancock Street that provides nine off-street parking spaces and additional development potential.
The existing structure at 898 Massachusetts Avenue may be razed for new construction. Recent zoning changes now allow for a residential building up to 75 feet in height, or approximately six stories, creating a valuable opportunity for density in a submarket where demand for housing remains consistently strong. With residential leases converting to tenant-at-will status at the end of August, developers can benefit from a smooth and timely transition into the redevelopment phase.
52 Hancock Street, the adjacent parcel, offers added flexibility and may support a separate building up to four stories in height. Both sites are walkable to Harvard University, MIT, the Red Line MBTA station, and various restaurants, shops, and cultural venues. The Harvard-MIT submarket represents one of the lowest vacancy rates in the nation, driven by affluent young professionals and a mix of university, life science, and tech-sector demand.
This development site sits at the center of a thriving, high-income rental market. A local population of approximately 237,500 residents live within two miles, representing an average household income exceeding $130,500 annually. Don't miss the opportunity to deliver new housing in a proven growth corridor where zoning, access, and demand align for long-term success.
896-898 Massachusetts Avenue: C-2B zoning
52 Hancock Street: C-1 zoning
The existing structure at 898 Massachusetts Avenue may be razed for new construction. Recent zoning changes now allow for a residential building up to 75 feet in height, or approximately six stories, creating a valuable opportunity for density in a submarket where demand for housing remains consistently strong. With residential leases converting to tenant-at-will status at the end of August, developers can benefit from a smooth and timely transition into the redevelopment phase.
52 Hancock Street, the adjacent parcel, offers added flexibility and may support a separate building up to four stories in height. Both sites are walkable to Harvard University, MIT, the Red Line MBTA station, and various restaurants, shops, and cultural venues. The Harvard-MIT submarket represents one of the lowest vacancy rates in the nation, driven by affluent young professionals and a mix of university, life science, and tech-sector demand.
This development site sits at the center of a thriving, high-income rental market. A local population of approximately 237,500 residents live within two miles, representing an average household income exceeding $130,500 annually. Don't miss the opportunity to deliver new housing in a proven growth corridor where zoning, access, and demand align for long-term success.
896-898 Massachusetts Avenue: C-2B zoning
52 Hancock Street: C-1 zoning
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Surface totale de l’immeuble | 1 198 m² |
| Nb de biens | 2 | Surface totale du terrain | 0,12 ha |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 1 198 m² |
| Surface totale du terrain | 0,12 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 896-898 Massachusetts Ave, Cambridge, MA 02139 | Immeuble residentiel | 1 198 m² | 1920 | - |
| 52 Hancock St, Cambridge, MA 02139 | Terrain | 0,03 ha | - | - |
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CONSEILLERS EN VENTE
CONSEILLERS EN VENTE
Anthony Coppola, Sales Associate
(617) 719-3405
Contact
Anthony est un partenaire de quartier fiable et compétent qui permet de réaliser les rêves immobiliers des clients. Il connaît les bons prix dans cette région, les dernières annonces, les tenants et les aboutissants et l'effervescence de la ville. De la recherche à la vente, il fournira des conseils d'experts et un soutien indéfectible pour les aider à vivre leur expérience sans stress. Anthony possède de solides compétences en matière de négociation, un service amical et un palmarès de réalisations à l'appui. Il a accès à des informations d'inscription complètes et actualisées, ce qui lui donne l'avantage nécessaire sur le marché en évolution rapide d'aujourd'hui. Anthony peut même fournir des conseils et des astuces sur la mise en scène et les améliorations mineures de la maison pour aider une maison à se vendre rapidement.
Sonya Sullivan, Sales Associate
(781) 893-0808
Contact
Sonya Sullivan has been an active member of the Greater Boston community, and is excited to be turning that community focus toward real estate. Sonya grew up in Watertown, speaks Armenian, and has been living in Waltham for the last 29 years. She loves living in Waltham with its rich history, great restaurants, and diverse community. She has a great knowledge of the surrounding towns and there is no other place she would rather live, work and raise a family.
As a proud member of the Coldwell Banker family, Sonya carries the values of hard work, integrity, and outstanding client service into everything she does. Buying or selling real estate is an important transaction, and can be a complex and emotional process. Sonya prides herself on her ability to listen to her clients’ requests and connect them with opportunities that best match their needs. Every client is unique and has different real estate needs. Sonya helps clients navigate the challenging home buying and selling process. Whether you’re buying your first home or seeking that dream retirement residence, the experience should be seamless. As a homeowner herself, Sonya understands that you’re not just looking for a place to live, but a place to make lasting memories.
Buying or selling a property is one of the biggest investments you make in life. You need a realtor that you can trust that will put your needs first. Sonya is a positive, enthusiastic, and trustworthy real estate professional. She provides that personal touch and welcomes the opportunity to guide you through your home buying or selling journey. Sonya wants to get to know you and become your lifetime realtor.
When she’s not busy helping clients, Sonya enjoys spending time with her family, cooking, gardening, and fishing. If you’d like to learn more about how we can work together, please call or text her anytime!
As a proud member of the Coldwell Banker family, Sonya carries the values of hard work, integrity, and outstanding client service into everything she does. Buying or selling real estate is an important transaction, and can be a complex and emotional process. Sonya prides herself on her ability to listen to her clients’ requests and connect them with opportunities that best match their needs. Every client is unique and has different real estate needs. Sonya helps clients navigate the challenging home buying and selling process. Whether you’re buying your first home or seeking that dream retirement residence, the experience should be seamless. As a homeowner herself, Sonya understands that you’re not just looking for a place to live, but a place to make lasting memories.
Buying or selling a property is one of the biggest investments you make in life. You need a realtor that you can trust that will put your needs first. Sonya is a positive, enthusiastic, and trustworthy real estate professional. She provides that personal touch and welcomes the opportunity to guide you through your home buying or selling journey. Sonya wants to get to know you and become your lifetime realtor.
When she’s not busy helping clients, Sonya enjoys spending time with her family, cooking, gardening, and fishing. If you’d like to learn more about how we can work together, please call or text her anytime!
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Massachusetts Ave Development Portfolio
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