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334 Pleasant St 11,500 SF 100% Leased Retail Building Belmont, MA 02478 $2,800,000 ($243.48/SF) 6.05% Cap Rate
Investment Highlights
- Short term leases: excellent user-sale opportunity
- Located just off Route 2
- 100% leased multi-tenant property
- Multiple short term leases: excellent user or investment sale opportunity
Executive Summary
11,500 SF Industrial Building on 0.33 AC for Sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,500 SF
Building Class
C
Year Built
1980
Price
$2,800,000
Price Per SF
$243.48
Cap Rate
6.05%
NOI
$169,440
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.33 AC
Zoning
Single Residence C
Parking
15 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | BELM-000045-000044 | Improvements Assessment | $1,462,000 |
| Land Assessment | $848,000 | Total Assessment | $2,310,000 |
Property Taxes
Parcel Number
BELM-000045-000044
Land Assessment
$848,000
Improvements Assessment
$1,462,000
Total Assessment
$2,310,000
Contacts
-
David Berman -
Chris Michniewicz -
James Stubblebine -
David Stubblebine -
The Stubblebine Company
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334 Pleasant St
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