503 MAIN Street

About this home.

Prime commercial opportunity on a high-visibility stretch of Main Street in Cambridge, offering potential for renovation, redevelopment, or possible build-to-suit arrangements. This C2-zoned property features an approximately 1,600 sq ft boarded structure requiring substantial restoration, making it ideal for renovation or redevelopment. Previously used as a residential dwelling under legal non-conforming status, future use will be subject to current zoning. C2 zoning allows for a variety of commercial uses, with potential for mixed-use development including residential units above. Located on a fully serviced lot with excellent exposure and traffic, this property offers strong potential for investors, builders, or business owners. Seller may consider potential build-to-suit or redevelopment arrangements for qualified purchasers, subject to approvals and mutually agreed terms. (id:59491)

The full record.

How this listing prices against Alison Park/Eastview North.

Alison Park/Eastview North had 1 sale and 9 active listings, so this is a lightly traded area at the moment. The sale closed at $705,000 after 32 days on market and 98.74% of list, showing that sellers can still hold price if they wait. With inventory far outnumbering recent deals, buyer choice is strong here. The neighbourhood is not inactive, but closings are limited and listings may take longer to convert into sales.

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