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345 Trapelo Rd Belmont, MA 02478

For Sale
$1,699,999

Retail and office building with long-term tenants in place.

Lot size:
0.11 Acres

Property Features for 345 Trapelo Rd

General Information

Lot size
0.11 Acres

Building Details

Year built
2015

Source: Sapphire Real Estate Agent Oren Mael

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


Overview

Fully Tenanted Retail and Office

This fully tenanted property features both retail and office spaces. The upstairs and entry area are NNN leased at $2.25 per square foot, generating $6,500 monthly. The downstairs area is semi-net leased at $3,500 monthly. Remodeled in 2015, the upstairs unit includes hardwood floors, an acoustic ceiling with a built-in sound system, and recessed lighting. Central air conditioning and a handicap elevator-lift are also present. Grand, wide stairs lead up to the unit, which includes two bathrooms, storage, and office space. The upstairs tenant covers 60% of the taxes and insurance. The downstairs is occupied by a food laboratory with a very long-term tenant who has 7 years remaining on their lease and wishes to stay. The semi-net lease requires the tenant to pay for utilities and maintenance. This area also includes a storage area, two offices, and two bathrooms. The property is located two doors down from Dunkin Donuts and is close to public transportation. The building requires no immediate repairs. The tenant is responsible for the fire alarm, and the landlord's operating expense covers only 40% of taxes and insurance.
Insight Report Location Intelligence

Current Use by Public Records

Huan's Tai Chi ... Tai Chi School Analytical Testing Laboratory Laboratory Little Wagon Early ... Preschool Cambridge Center for Chinese ... Non-Profit Organization Belmont Karate Physical Fitness Program

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Belmont
County
Middlesex
State
Massachusetts
Longitude
-71.1829199
Latitude
42.3853529

FAQs

What type of property is this?
Retail space - Retail and office building with long-term tenants in place.
Where is this retail space located?
The property is located at 345 Trapelo Rd Belmont, MA.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: - Prime location near Dunkin Donuts and public transportation.; - Fully tenanted with a total monthly income of $10,000.; - Long-term downstairs tenant with 7 years remaining on the lease.
More about this property
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