113 Belmont St, Belmont, MA 02478

Property Description

Exceptional Office, Medical & Mixed-Use Investment Opportunity! Outstanding opportunity for investors, medical professionals, business owners, and developers! Ideally situated on a prominent corner lot near the Cambridge and Watertown lines, this freestanding, 1,840-square-foot building offers eight individual office suites, two half baths, and five side-by-side off-street parking spaces accessed from Ericsson Street. Currently configured for professional office use, the property offers excellent potential for medical, professional, or other permitted commercial uses. Zoned Limited Business 3 (LB3) within Mandatory Mixed-Use Subdistrict 4 (MXDZ4), the property presents an exciting opportunity for potential mixed-use redevelopment, including commercial space on the first floor and residential apartments on the upper floors, subject to applicable zoning requirements and municipal approvals. The corner lot provides additional flexibility for exploring expansion of the existing building footprint, subject to zoning, setbacks, and permitting. Whether you are an owner-user seeking a convenient location for your business, an investor looking for rental income, or a developer evaluating repositioning opportunities, this property offers multiple possibilities. Exceptional location and accessibility! Situated along the #73 bus route to Harvard Square and approximately one block from the #71 bus route connecting Watertown Square and Harvard Square. Convenient to Mount Auburn Hospital, Harvard Square, Watertown Square, Belmont Center, Fresh Pond, and nearby shopping, restaurants, and services. Easy access to Storrow Drive, Memorial Drive, Route 2, Cambridge, Boston, and surrounding communities. A rare opportunity to acquire a strategically located commercial property with existing income potential, excellent visibility, convenient parking, and future development possibilities in a highly desirable location! ADDITIONAL DOCUMENTS: Please see the MLS Documents section for copies of the deed, GIS map, floor plans, Town of Belmont and surrounding-area demographics, and income and expense statement.