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- LoopNet Team
244-248 Trapelo Rd
Belmont, MA 02478
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
ABOUT 244-248 TRAPELO RD , BELMONT, MA 02478
Off-market commercial property opportunity located at 244-248 Trapelo Rd Belmont, MA 02478. One of the tenants is Belmont Pharmacy and they have a lease that expires 9-30-2022 and they’re currently paying $3,750 of rent per month with a 2.5% yearly increase. The other is a hair salon who’s lease expires 6-14-2021. They’re currently paying $1,600 in rent with no increase. The third floor is an office and is vacant (needs renovations). The previous owner had approvals in 2011 for an upstairs expansion (attached). His idea was to rent out the upstairs to businesses in the medical field like a Dentist office. All the rent numbers have not been confirmed but there are copies of leases available for anyone interested in the property. Including the upstairs, the approximate sq. footage is around 3,000 sq. ft. 6 deeded parking spaces. This is a post foreclosure property. The operating expenses are unknown at this time.
PROPERTY TAXES
| Parcel Number | BELM-000014-000226 | Improvements Assessment | $231,000 |
| Land Assessment | $650,000 | Total Assessment | $881,000 |
PROPERTY TAXES
