Mixed-Use Building with
4 Park St Belchertown, MA 01007
4 Park St, Belchertown, MA, 01007
$895,000
For Sale
$895,000
Mixed-use property with two lower-level retail/restaurant spaces and two residential apartments upstairs.
Property Size7,364 SF
Lot Size0.22 Acres
Price / SF$121.54
Days on Market87
Property Features for 4 Park St
General Information
- Standard status
- Active
- Size
- 7,364 SF
- Lot size
- 0.22 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1895
Listing agency
(413) 530-3215
Listed by
Benjamin Bolotin
(413) 530-3215
Source
Elliman
Added: Apr 26 Updated: Jul 20 at 6:38PM Checked: Jul 21 at 8:24AM
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 Benjamin Bolotin
Investment Insights
Based on property information with market context.
The property is a mixed-use building on approximately 0.22 acres with about 7,364 square feet of total space. Two commercial tenant spaces are located on the lower level, including Belchertown Discount Liquors and a newly renovated restaurant space. Upstairs, the building offers two residential apartments: one with 2 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom.
The property is positioned in the center of Belchertown, just off the Town Common, with municipal parking directly across the street. Local restaurants, Town Hall, and other community services are within walking distance.
This configuration supports combined income from street-level commercial use and upstairs residential units, with parking availability nearby via municipal lots across the property.
The property is positioned in the center of Belchertown, just off the Town Common, with municipal parking directly across the street. Local restaurants, Town Hall, and other community services are within walking distance.
This configuration supports combined income from street-level commercial use and upstairs residential units, with parking availability nearby via municipal lots across the property.
Key Highlights
- Mixed‑use property with two commercial tenant spaces on the lower level
- Upstairs features two residential apartments: one 2 bed/2 bath and one 2 bed/1 bath
- Approximately 7,364 SF total space on roughly 0.22 acres
Local Financial Insights For Mixed Use
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 | $125.5k | $17.04 |
| − Vacancy | −$12.5k | −$1.70 |
| EGI | $112.9k | $15.34 |
| − OpEx | −$42.4k | −$5.75 |
| NOI | $70.6k | $9.59 |
7,364 SF · lease $17.04/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.03M – $2.70M
NOI $162,045 @ 7.0% cap · market cap 18.11%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,242 @ 7.0% cap · market cap 16.90%
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,918 @ 7.0% cap · market cap 35.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with two lower-level retail/restaurant spaces and two residential apartments upstairs.
Where is this mixed-use property located?
The property is located at 4 Park St Belchertown, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Mixed‑use property with two commercial tenant spaces on the lower level; Upstairs features two residential apartments: one 2 bed/2 bath and one 2 bed/1 bath; Approximately 7,364 SF total space on roughly 0.22 acres
