Land · For sale

868 King Street E, Cambridge

$1,099,000

Listing brokerage: RE/MAX Real Estate Centre Inc. · MLS® X13065006

Listing brokerage

RE/MAX Real Estate Centre Inc.

Type

Land

Deal

For sale

Category

Land · Commercial and industrial land

Size

0.464 sq ft

Lot

133.95 x 157 ft

MLS® number

X13065006

Description

Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.