25-29 River St, Cambridge, MA 02139

Multi Family property with 9 bedroom(s), 9 bathroom(s) in Cambridge MA.

25-29 River Street is a prime re-development opportunity situated in an incredible urban-infill location in Cambridge’s Central Square. Consisting of 0.15-acres (6,534 square feet), the Property is zoned C-1 Neighborhood Commercial District, one of the most versatile zoning designations in Cambridge. The Property is currently leased to Enterprise Car Rental. Enterprise has been at this location since 2012 and has just over 2 years remaining on their lease without any renewal options. Future Development Options: (1) Three Story Multifamily (35′) – 9,999 SF of Development. By-right Option. (2) Six Story Multifamily (66′) – 22,902 SF of Development. Option requires Site Plan Review and 20% Affordable Component. (3) Three Story Townhome – 9,999 SF of Development (5 units) By-right Option. 25-29 River Street offers the rare opportunity to acquire an exceptionally well-located development parcel that offers secure income for the next 2+ years.