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590 Washington St
Wellesley, MA 02482
Shops at Belclare, Wellesley · Retail Property For Sale

EXECUTIVE SUMMARY

Offered for sale or lease. Completed in 2016 Shops at the Belclare, Wellesley was thoughtfully designed to incorporate the traditional local architecture while activating the streetscape to attract foot and car traffic. The buildings co-tenancy includes a strong mix of experiential retailers, the majority of whom have roots in some of Boston’s most prominent shopping corridors including: Lash L’Amour, Barber Walters, The Exercise Coach, Agnes Optical, Laer Realty and Atelier. Substantiating the areas strength, Smith & Wollensky recently opened a new location immediately across the street. Fiorella’s Express, a fast casual Italian eatery, also opened a new restaurant in Church Square. The twenty-five residential condominium units above The Shops at Belclare were completely sold out with prices ranging from $1,500,000 to $3,000,000 and an average sale price of over $1,000 per square foot. The residential component provides daily pedestrian traffic to The Shops at Belclare, Wellesley. Prime location for incoming retailers due to its location within the heart of Wellesley Square. It was recognized by Boston Magazine as one of the Best Places to Live 2018. The vibrancy of the town and the highly dense and affluent population create an ideal synergy for retailer.

PROPERTY FACTS

Property Type Retail
Property Subtype
Storefront
  • General Retail Bank
  • General Retail Storefront Retail/Office
  • Office Medical
Building Class B
Lot Size 1.00 AC
Gross Leasable Area 9,474 SF
No. Stories 1
Year Built 2016
Parking Ratio 10/1,000 SF
  • Listing ID: 16431153

  • Date on Market: 6/24/2019

  • Last Updated:

  • Address: 590 Washington St, Wellesley, MA 02482

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