Offering Memorandum: 805 Main Street

805 Main Street

Cambridge, MA

Who We Are

Senné is comprised of 150+ practitioners of real estate finance, brokerage, property management, design and planning, and construction, all working together to raise the bar on client satisfaction.

Our unique composition enables us to offer elevated advisory services with a broader perspective on the real estate market for our clients and partners, ensuring that their dreams are our goals.

Senné offers curated specialty services for real estate developers, institutions, and investors. With experience developing and building in excess of $2 billion worth of real estate investments nationally, we pay special attention to every detail to bring excellence and success to market.

The team takes a multidisciplinary approach, fostering flexible and entrepreneurial solutions that are at the core of the Senné mission.

DISCLAIMER: Senné Commercial, LLC has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Senné Commercial, LLC and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

Investment Summary

CORE CAMBRIDGE VALUE ADD

805 Main Street is being offered on an “as-is” basis without a formal asking price. The well-located 9,869 square foot lot is improved by a single story retail building with a billboard. Located at the approximate midpoint between Kendall Square and Central Square, the property is zoned BA and rests within the Central Square Overlay district.

The property offers tremendous repositioning or redevelopment opportunity. A December 2022 appraisal is available for review, as well as survey and other limited zoning and feasibility reviews by a local architect. Potential for 20+ residential units via Special Permit or a commercial project with up to a 1.0 FAR “as of right.” Offers will be reviewed as received.

PROPERTY DETAILS

Property Address

Number of Units

Year Built

Land Area

Gross Living Area

Total Gross Area

805 Main Street Cambridge MA 02139

2

1917

9,866 Sq Ft

6,015 Sq Ft

6,135 Sq Ft

Parking 8 Driveway spaces

BUILDING CONSTRUCTION

Exterior Brick

Roof Tar - Gravel

Strategic Location

THE PORT | KENDALL MIT | TECHNOLOGY SQUARE

Located a stone’s throw away from Technology Square and less than ½ a mile from MIT’s main campus, this location is a premier international destination for biotech, academia, research, technology and finance. Technology Square in Cambridge, Massachusetts is a vibrant and bustling hub of innovation and creativity. This cutting-edge neighborhood is home to some of the world’s leading technology and life sciences companies, as well as a thriving start-up community. The area boasts an impressive collection of modern office buildings and co-working spaces, all designed with the latest technologies to support and inspire the businesses that operate within them. This area is surrounded by lush green spaces and outdoor seating that provide a peaceful escape from the hustle and bustle of the city.

In addition to a thriving business community, Technology Square is also a popular destination for residents and visitors alike, with a variety of shops, restaurants, and entertainment options to choose from. Whether you’re in the mood for a quick bite, a night out with friends, or simply a stroll through the park, there’s something for everyone in this exciting and dynamic neighborhood.

If you’re looking for a prime location to start or grow your business, or if you’re seeking a vibrant and dynamic place to call home, Technology Square in Cambridge is the perfect choice. With its thriving business community, world-class amenities, and unbeatable location, this is a truly one-of-a-kind neighborhood that you won’t want to miss.

Walkable Location

Located in the heart of Cambridge surrounded by the biotech industry, restaurants, cafés, bars, and more, 805 Main Street in Cambridge, Massachusetts is in the middle of one of the most walkable neighborhoods in the city. This prime location provides residents and visitors with easy access to all of the amenities and attractions that make Cambridge such a desirable place to live and work. With its bustling streets, tree-lined sidewalks, and abundance of shops, restaurants, and cultural institutions, this neighborhood is a true pedestrian’s paradise.

Whether you’re running errands, grabbing a bite to eat, or simply taking a leisurely stroll, everything you need is just steps away. In addition to its numerous local amenities, 805 Main Street is also conveniently located near major transportation hubs, including bus lines and the Red Line subway, making it easy to explore other parts of the city and beyond. With such easy access to public transportation, you can leave your car at home and enjoy all that Cambridge has to offer on foot. For those who love the outdoors, there are also plenty of parks and open spaces nearby, including the beautiful Charles River and its nearby parks and bike paths, providing ample opportunities for recreation and relaxation.

In short, 805 Main Street in Cambridge is a true walker’s paradise, offering everything you need for a convenient, comfortable, and active lifestyle, all within easy reach. If you’re looking for a location that puts the best of the city at your doorstep, this is the perfect place for you.

Leasehold Tenants

805 Main Street

Bertucci’s

Now to October 31st, 2023 $12,000 monthly + NNNs

Lease expires October 31st 2023

Cloud & Spirits

Now to June 30th, 2023 $2,600 monthly + NNNs

July 21st to October 31st, 2023 $2,750 monthly + NNNs

Lease expires October 31, 2023

Clear Channel Billboards

Tenant at will

$1,200 monthly

Cambridge Demographics