334 Pleasant St Belmont, MA 02478
- Retail space
- 0.33 lot acres
Current Use by Public Records
- Polzella Colin / Dental Clinic
- Paul Callahan Dental Prosthetics / Dental Laboratory
- Loud Dope Recording Studio / Recording Studio
- Restoration Project Nonprofit Program & Thrift Store / Thrift Store
Property Details for 334 Pleasant St
- Lot size
- 0.33 lot acres
- Zone code
- LB3
- Property type
- Retail space
- APN
- BELM M:45 P:000044 S:
- APU
- BELMM45P000044S
Description
This exceptional investment opportunity presents a 11,500 square foot multi-tenant flex space located at 334 Pleasant Street in Belmont, Massachusetts. The property, classified as Class C, boasts a 0.47% cap rate and a substantial net operating income (NOI) of $195,776.23. Currently 100% occupied across four units, this two-story building offers a stable income stream with multiple short-term leases, presenting an excellent opportunity for both owner-users and investors. Built in 1980, the property sits on a 0.33-acre lot and includes 15 parking spaces. Its convenient location just off Route 2 provides easy access to major transportation arteries. The property's flexible space is ideal for a variety of uses, making it a highly desirable asset in the competitive Belmont market. The building's strong occupancy rate and positive cash flow make it an attractive investment prospect with significant potential for future growth. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belmont
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1659
- Latitude
- 42.4039
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
