Watertown Retail Redevelopment Opportunity

1084 Belmont Street Watertown, MA 02472

Claim this Listing
For Sale
$1,150,000

6,400 SF free-standing building for re-use or redevelopment.

Type:Retail
Property size:
6,400 SF
Price / SF:
$179/SF
Added:
Mar 5, 2026
Days on Market:
129
Last Refresh:
Apr 5 at 10:15 pm

Property Features for 1084 Belmont Street

General Information

Standard status
Active
Size
6,400 SF
Property subtype
Retail

Building Details

Year Built
1950

Listing office Mansard Commercial Properties

Listing date Mar 5, 2026

Source Masscommercialproperties

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Mansard Commercial Properties


Investment Insights

Based on property information with market context.

The property at 1084 Belmont Street in Watertown, MA, presents a reuse or redevelopment opportunity. The 6,400 +/- SF free-standing building formerly housed Francis Food Mart, a neighborhood supermarket in business since 1950. Zoned for neighborhood business, the site allows for conversion to mixed-use or multifamily development with a special permit and site plan review. Alternatively, the property is suited for a business owner investor seeking an inner-128 neighborhood market to serve the local market. Watertown is a growing hub for innovative companies. The location provides easy access to public transportation and immediate access to Boston, the Mass Pike, 95, and Route 2, serving the greater Waltham and Watertown community. The property is suitable for new retail or education services.

Key Highlights

  • Redevelopment opportunity for mixed‑use or multifamily development with special permit.
  • 6,400 +/- SF free‑standing building suitable for retail or education services.
  • Prime location in Watertown, a growing hub for innovative companies.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $140.5k $21.96
− Vacancy −$9.1k −$1.43
EGI $131.4k $20.53
− OpEx −$39.4k −$6.16
NOI $92.0k $14.37
6,400 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$1.71M
$1.50M – $2.00M (±1% cap)
NOI $119,880 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$1.31M
$1.15M – $1.53M (±1% cap)
NOI $91,986 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M (±1% cap)
NOI $265,214 @ 7.0% cap · market cap 23.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

ATM Atm Watertown Community Fridge Food Bank Francis Market Grocery & Convenience Store

Suggested Use

Law Firm Restaurant Real Estate Agency Parking Lot & Garage Food Market Grocery & Convenience Store Nail Salon (Bike/Boat/Book/etc) Store Bakery Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Star Market — 535 Trapelo Rd, Belmont, MA 02478

FAQs

What type of property is this?
Grocery and convenience store - 6,400 SF free-standing building for re-use or redevelopment.
Where is this grocery and convenience store located?
The property is located at 1084 Belmont Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Redevelopment opportunity for mixed‑use or multifamily development with special permit.; 6,400 +/- SF free‑standing building suitable for retail or education services.; Prime location in Watertown, a growing hub for innovative companies.
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