Premier Redevelopment Site
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.