MA
Middlesex
Belmont
02478
171 Belmont St
171 Belmont St, Belmont, MA 02478
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Listing Type
Commercial/Industrial
Listing Status
Active
11
$2,900,000

Home Details for 171 Belmont St

Price
$2,900,000
Type
Commercial Sale
Square feet
2696
Year built
1930
Lot size acres
0.07
County
Middlesex
MLS Listing#
73572651
Property Description

FOR SALE Gibson Commercial is presenting a property Portfolio consisting of multifamily (3 units) and commercial retail /office property (3 units). Property is being sold as a portfolio and not individually. These abutting properties are located at 5 Marlboro St ( MLS #) & 171-173 Belmont St ( MLS#) in Belmont, Ma. This portfolio offers a combined 6,363 Sf area in place of combined living/office/ retail area, situated on an 8,180 sq ft lot. The versatile configuration includes a 3-family residential building and a 3-unit retail/office building, providing dynamic investment potential . The properties are abutting and sit in the new 1-A and MZOD4 in the MBTA 3A zoning as outlined by Town of Belmont. This zoning allows for a multitude of possibilities for potential repositioning or expansion. Situated in the sought-after Belmont -Cambridge area, this property has short- and long-term potential for growth due to below market rents and the as of right aspects provided in the new zoning designation. This site is perfect for residential reposition. This strategic location offers an attractive project for astute investors and developers looking to make a statement in the thriving Belmont real estate market, which is encouraging housing development.

Property Features
  • Water Features
    • Public
Listing Courtesy: Gibson CRE - 617-426-6901
Presented by: Albert Bouchie
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EXIT BAYSIDE REALTY
1827 Dorchester Avenue, Boston, MA 02124
Office
617 265 6111
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