RETAIL CONDOMINIUM FOR SALE
BELCLARE WELLESLEY is the town’s newest luxury development and a PRIME NEW LOCATION for incoming RETAILERS AND RESTAURANTS due to is location within the heart of WELLESLEY SQUARE.
- High Barriers-To-Entry Market
Wellesley is one of the most sought-after, successful and attractive towns in Massachusetts. As such, Wellesley is a mature residential community where new commercial development is severely constrained as the majority of the land is zoned for single-family residential use.
- Affluent Residential Base
The Wellesley residential real estate market is one of the most impressive in the state. According to MLS, the average sale price of a single family home is upwards of $1,350,935 at an average of $413 per square foot. Residents earn an annual income of $192,655 and have $121,481 worth of disposable income to spend on shopping, dining, fitness etc.
- Strong Surrounding Co-Tenancy
Wellesley is known as a small town but has an extremely vibrant and walkable retail environment. Wellesley attracts strong local and national retailers including the famous Blue Ginger restaurant, Whole Foods, Peet’s Coffee, J. McLaughlin, Juniper Restaurant, Cache, CVS, Alta Strada, Dover Saddlery and Miniluxe, to name a few.
- New Construction
Completed in 2016, Belclare Wellesley is prominently situated in the center of Wellesley Square and provide frontage on both Washington and Grove Street. Its aesthetically pleasing look paired with the untouched vanilla-shell spaces, black iron venting option and brand new systems, offers prime tenancy opportunities for incoming retailers and restaurants.
- Ideal Retail Mix Potential
The new construction was built with a strong and diverse retail program in-mind. The design layouts include small stores for local boutiques to a large space vented for a restaurant allowing the new ownership to capitalize on a wide-range of potential tenants.
- Unparalleled Access
Wellesley is conveniently located at the confluence of two major interchanges, Route 129/ I-95 at the Mass Pike (I-90) and Route 9. Additionally, commuter rail access is only a short walk away allowing Belclare Wellesley to draw traffic and employees from a 15-mile radius which includes Downtown Boston.