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Turn-Key Restaurant - Inman Square 1248-1260 Cambridge St 2,372 SF of Retail Space Available in Cambridge, MA 02139
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,372 SF | 5 Years | $83.76 CAD/SF/YR $6.98 CAD/SF/MO $198,667 CAD/YR $16,556 CAD/MO | Triple Net (NNN) |
1st Floor
Godino & Company, Inc. is excited to present an exceptional opportunity to lease a fully equipped bar and restaurant, formerly operated by Wit’s End, in a prime location in Cambridge, MA. This outstanding area is known as the restaurant hub of Cambridge, with many establishments having been in operation for decades, showcasing the neighborhood's stability and appeal. Located at the corner of Cambridge Street and Prospect Street in the Inman Square commercial district, this restaurant space is within walking distance of Kendall Square. The neighborhood features over 40 restaurants, various shops, banks, and convenience stores, alongside a mix of offices in technology, biotech, and healthcare sectors. The space is filled with natural light, thanks to oversized windows and high ceilings. With excellent street visibility, your business will benefit from unmatched exposure. Conveniently, the location is just a 5-minute walk from Union Square and a short distance from Central Square, with several bus stops nearby. There is great potential for continued revenue growth, particularly with delivery services targeting the thriving college and university market, which includes Harvard and MIT within two miles.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Corner Space
- High Ceilings
- Basement
- Wheelchair Accessible
- Prime location in Inman Square
- Fully Equipped Restaurant and Bar
- Featuring 40 Beers on Tap
- FF&E Available for Sale
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT TURN-KEY RESTAURANT - INMAN SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Comprehensive Pain Management Center
- Health Care and Social Assistance
- 1
- -
- Hops N Scotch
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Comprehensive Pain Management Center | Health Care and Social Assistance | 1 | - |
| Hops N Scotch | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,372 SF | Gross Leasable Area | 4,744 SF |
| Property Type | Retail | Year Built | 1876 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.32/1,000 SF |
| Total Space Available | 2,372 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,744 SF |
| Year Built | 1876 |
| Parking Ratio | 2.32/1,000 SF |
ABOUT THE PROPERTY
This fully equipped restaurant and bar includes 40 beer taps, a beer cooler with storage for 40 kegs, high-speed kiddie exhaust system,and a grease trap. A complete list of equipment is available upon request Storage:The facility has a walk-in refrigerator and freezer located in the basement. *Liquor License: Full liquor license issued by the City of Cambridge. Seating Capacity: The establishment can accommodate 99 diners plus bar seating Location: The restaurant is located in the Restaurant Hub of Cambridge, specifically in Inman Square, which is in close proximity to MIT and Harvard University. Nearby Amenities and Restaurants: - Christina’s Homemade Ice Cream - All Star Sandwich Bar - All Star Pizza Bar - Inman Square Wine & Spirits - Casa Portugal Restaurant - Puritan Oyster Bar - Oak Bistro - Christina’s Spice & Specialty Foods - East Cambridge Savings Bank - The Druid - CHA Cambridge Hospital - And many more. **Operational History:** The property has been grandfathered as a restaurant since 1986. Parking: There are 4 on-site parking spaces available, with additional parking options nearby after 5:00 PM. Loading Area: The loading area is located in the parking lot. Traffic Count: Approximately 22,358 vehicles pass through the intersection of Cambridge and Prospect Streets daily. **Utilities: The property has separately metered utilities for electricity, water, and gas. Water & Sewer Services: These services are provided by the City of Cambridge.
NEARBY MAJOR RETAILERS
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Turn-Key Restaurant - Inman Square | 1248-1260 Cambridge St
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