Distinctive historic Art Deco commercial building in the heart of Waverley Square. Built in 1931 as the First National Store, this well-positioned masonry building offers classic period character, a highly visible street presence, and an established commercial setting surrounded by neighborhood shops, services, and restaurants. Currently occupied by a bicycle dealership, the property is located in the Local Business 1 (LB1) zoning district as well as Belmont's new Mixed-Use Development Overlay SubDistrict 4 (MXDZ4). The street level unit offers 43 feet of window frontage with rear access to a paved 2-car driveway. The full basement is great for storage and has half bath. Perfect opportunity for an owner-user, investor or developer. Plenty of on-street parking and the Waverley Sq Municipal Parking Lot; steps to the commuter rail platform to North Station as well as the Route 73 Bus to Harvard Square or the Route 554 to Waltham and Newton Corner. Buyers & agents need to do their own diligence on future usages. Offers to be reviewed beginning Wednesday, Oct 14th.