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113 Belmont St 1,840 SF Vacant Office Building Belmont, MA 02478 $995,000 ($540.76/SF)
Investment Highlights
- Perfect For an Owner User
- LB3 Zoning allows for Mixed Use Reposition
- Potential Strong NOI Growth for Investor
Executive Summary
Introducing a prime investment opportunity in the heart of Belmont, MA. This 1,840 SF building, boasting 8 versatile units, presents enduring quality with its 1970 construction. Zoned LB3, this property provides flexibility for a range of usage options, making it an ideal choice for office or medical investment. Additionally, LB3 zoning allows for a potential mixed use reposition with Commercial Use on the first floor and residential on the upper floors. Occupancy potential for user owner for further growth. There is potential for value enhancement through development. Don't miss out on satisfying the strong market demand for commercial space with this well-positioned property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,840 SF
Building Class
B
Year Built
1970
Price
$995,000
Price Per SF
$540.76
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
650 SF
Building FAR
0.75
Lot Size
0.06 AC
Zoning
LB3 - Local Business 3
Parking
5 Spaces (2.72 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | BELM-000001-000004 | Improvements Assessment | $303,000 |
| Land Assessment | $655,000 | Total Assessment | $958,000 |
Property Taxes
Parcel Number
BELM-000001-000004
Land Assessment
$655,000
Improvements Assessment
$303,000
Total Assessment
$958,000
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113 Belmont St
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