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401-411 Main St Wakefield, MA 01880

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Mixed-use property in Wakefield center with value-add potential.

Building Details

Year built
1900

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Listing Contact
Jeremy Cyrier, Ccim
Jeremy Cyrier, Ccim
Source: Masscommercialproperties

Listing Agency: Jeremy Cyrier Listing Agent: Jeremy Cyrier, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Wakefield Mixed-Use Value-Add Opportunity

This mixed-use property, located in the heart of Wakefield center, offers a value-add opportunity. The building has 18,500 +/- SF of space and is currently 50% occupied, presenting an opportunity to increase value by renovating and leasing the second floor as retail or office space. Alternatively, the second floor could be redeveloped into residences. The property has a Walkscore of 91, indicating it is a Walker's Paradise. Located on Main Street, the property is near the MBTA commuter rail, various dining options, and Lake Quannapowitt. Wakefield, Massachusetts, a suburban community within the Boston metropolitan area, has a population of approximately 26,000. The town provides numerous parks and open spaces, along with diverse cultural and recreational activities. The median household income within a 3-mile radius is $112,804. The property allows the owner to control half a street block in Wakefield Center.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Wakefield
County
Middlesex
State
Massachusetts
Longitude
-71.0704398
Latitude
42.5029526

FAQs

What type of property is this?
Mixed-use property - Mixed-use property in Wakefield center with value-add potential.
Where is this mixed-use property located?
The property is located at 401-411 Main St Wakefield, MA.
What are key features of this property?
This property features: - Value-add opportunity through renovation/redevelopment of the second floor (retail/office or residences).; - Prime location in the heart of Wakefield Center.; - (91) Walker's Paradise Walkscore.
More about this property
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