Property Description for 5968 Highway 1
This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants. There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come oftenschedule a viewing today before this exceptional investment slips away! (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: 202501099
Home Features
Property Type
: MultiFamily
Interior Features
Basement
: ["Unfinished", "Full"]Flooring
: Laminate
Exterior Features
Acreage
: 0.34
Utilities
Sewer
: ["Municipal sewage system"]
Other
Parking Features
: ["Paved Yard"]Exterior Features
: ["Vinyl"]
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