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Renovated First-Floor Office Unit

98 Park Ave, Belmont, MA 02478

For Lease
$1,350/Mo

Street-level office space with heat and hot water included, plus access to Route 2.

Space Size730 SF
Days on Market55

Property Features for 98 Park Ave

General Information

Standard status Active
Size 730 SF
Net Rentable 730 SF
Property subtype COMMERCIAL

Space & Availability

Available Space 730 SF
Contiguous Space 730 SF
Floor 1
Space Use Office
Condition Recently Renovated

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $12,578

Amenities

street parking

Building Details

Year Built 1920
Listing Agency: Lamacchia Realty, Inc.
Listed By: Suzanna Krmzian · License #449589928
Source: Madelyngarciarealestate
Added: Sep 16 Changed: Nov 8 Last Checked: Nov 8 at 4:15PM

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 Lamacchia Realty, Inc.

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Investment Insights

Based on property information with market context.

Renovated office space occupies the first floor of a building constructed in 1920. The street-level unit measures approximately 730 square feet and is available as of December 1. Heat and hot water are included; the tenant pays for electricity and handles trash and recycling removal.

The property is located at 98 Park Avenue in Belmont, immediately off Route 2. The location provides access to Arlington, Cambridge, Boston, and surrounding areas. Street parking is available directly in front of the building, supporting convenient access for occupants and visitors.

Key Highlights

  • Approximately 730 square feet of recently renovated first‑floor office space
  • Street‑level configuration at 98 Park Avenue, Belmont, MA 02478
  • Located right off Route 2 with access to Arlington, Cambridge, and Boston

Property Analytics

Current Use

Lynn Crowley Physician Hayley Denker Marketing Advertising Agency

Suggested Use

Top Pick Parking Lot & Garage Accounting Firm Bakery Law Firm Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.33 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

175
Businesses Nearby

Demographics for 02478, MA

27,286
Population
10,811
Households
2.5
Avg Household Size
42
Median Age
80%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
5,932
Density / Sq Mi
$177,790
Median Household Income
$95,206
Median Earnings
$2,382
Median Rent
$1,108,800
Median Home Value

Market

Lease Benchmarks for Belmont, MA

$30.38 /SF/Yr
Avg Asking Price
$22.19–$37 /SF/Yr
Price Range
2,742 SF
Avg Space Size

This space is priced 27% below the average of $30.38 /SF/Yr.

Properties on Market for Office Units in Belmont

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Street-level office space with heat and hot water included, plus access to Route 2.
Where is this office unit located?
The property is located at 98 Park Ave Belmont, MA.
What is the lease rate?
The lease rate is $1,350/Mo.
What are key features of this property?
This property features: Approximately 730 square feet of recently renovated first‑floor office space; Street‑level configuration at 98 Park Avenue, Belmont, MA 02478; Located right off Route 2 with access to Arlington, Cambridge, and Boston
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