417-433 Cambridge Street
Allston, Massachusetts
Boston Realty Advisors is pleased to present 417-433 Cambridge Street, a premier redevelopment opportunity with strong in-place income located in Allston, MA, for sale or proposals for a joint-venture redevelopment of the property. The offering is comprised of 10,400 square feet of land and a 5,200 SF building that is currently leased to five retail tenants. The offering is located approximately half-a-mile from the Harvard Avenue Green Line MBTA station and the Boston Landing Commuter Rail station, and directly in the heart of the burgeoning Allston/Brighton market.
New Balance’s Boston Landing is the first of many large-scale developments that will be transforming the Allston/Brighton market for the next decade and beyond. There is no better-located neighborhood in Boston that has as much development upside as Allston/Brighton. Much of the pent-up life science demand from Kendall Square will be absorbed by the development in Allston/Brighton, and many of the Kendall Square employees will choose to live in the Lower Allston neighborhood because of Cambridge Street’s easy access to Cambridge over the Charles River. 417-433 Cambridge Street will allow investors to take advantage of this unprecedented growth.
While there is significant development value in 417-433 Cambridge Street, it is also advantageously leased to a diverse selection of retail tenants, providing investors with a return on their capital before and during the development process.
417-433 Cambridge Street is offered for sale on an un-priced basis. We will be conducting tours of the property with a “call-for-offers” to follow.
investment highlights
Strong in-place Income
417-433 Cambridge Street has five retail
tenants that will provide an investor with
income during thedevelopment process.
University-driven
Harvard University is bringing many of its postgraduate programs over the Charles River from Cambridge into Allston, mere blocks away from 417-433 Cambridge Street.
Strong Development Pipeline
A majority of the prime land sites in Allston already have development plans in-place. As a result, there are several million square feet of development in the pipeline.
Transit-Oriented
A majority of the prime land sites in Allston already have development plans in-place. As a result, there are several million square feet of development in the pipeline.
Allston/Brighton
STATS
Population: 78,500
Median Age: 29.2
Median Household Income: $55,752
location