Flex Commercial Condo For Sale

28 Summer Avenue #3, Waltham, MA 02452

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For Sale

$789,000

Flex commercial condo with overhead doors and parking.

Type:Commercial

Property size:

1,389 SF

Price / SF:

$568/SF

HighLights

Convenient location off Lexington Street with easy access to major highways
Flex commercial condo suitable for various business types
Overhead bay doors on both north and south sides of the building
Deeded exterior parking for 5‑6 vehicles
Relatively new construction (built in 2015)
Includes a small second‑floor office and bathroom

We can help!

Listing Contact

Glenna Gelineau

Learn more

For Sale

$789,000

Flex commercial condo with overhead doors and parking.

Type:Commercial

Property size:

1,389 SF

Price / SF:

$568/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 10:37 am

Property Features for 28 Summer Avenue #3

General Information

Standard status: Active
Size: 1,389 SF
Property subtype: Commercial

Building Details

Year Built: 2015

We can help!

Listing Contact

Glenna Gelineau

Listing agent Glenna Gelineau License #449501018

Listing office Gelineau & Associates, R.E.

Listing date Apr 23, 2026

Source Alliancepartnersre

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

All listing content including descriptions, pricing, images are the copyrighted material of Gelineau & Associates, R.E.

HighLights

Convenient location off Lexington Street with easy access to major highways
Flex commercial condo suitable for various business types
Overhead bay doors on both north and south sides of the building
Deeded exterior parking for 5‑6 vehicles
Relatively new construction (built in 2015)
Includes a small second‑floor office and bathroom

Overview

This commercial-industrial flex condo is situated off Lexington Street, providing convenient access to major highways. The property is suitable for an owner-occupant user and presents an opportunity for contractors, landscapers, or similar businesses. The building features overhead bay doors on both the north and south sides. It includes a small second-floor office, a bathroom, and a forced warm air gas heating system. A sprinkler system is in place. The property includes deeded exterior parking space for 5 to 6 vehicles. The property contains 1389 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.3k	$54.24
− Vacancy	−$16.6k	−$11.93
EGI	$58.8k	$42.31
− OpEx	−$14.7k	−$10.58
NOI	$44.1k	$31.73

1,389 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$629.6K

$550.9K – $734.6K (±1% cap)

NOI $44,074 @ 7.0% cap · market cap 5.59%

Second Best

Warehouse

$256.3K

$224.3K – $299.0K (±1% cap)

NOI $17,941 @ 7.0% cap · market cap 2.27%

Theoretical Best

Office A

$822.3K

$719.5K – $959.3K (±1% cap)

NOI $57,560 @ 7.0% cap · market cap 7.30%

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

Location Intelligence

Current Use by Public Records

Frank Chiaravalloti Landscape ... Landscaping Moniz Landscape Design ... Landscaping

Suggested Use

Similar Places Nearby

Cruz Market — 139 Felton St, Waltham, MA 02453
C M Catering — 73 Charles St, Waltham, MA 02453
Salgueros Market || — 139 Felton St, Waltham, MA 02453
Kiwaz Caribbean Spice — 33 Lexington St, Waltham, MA 02452
Raw Silk Catering — 116 Bright St, Waltham, MA 02453

Location Insight

Map
Local Demand

City: Waltham
County: Middlesex
State: Massachusetts
Longitude: -71.2342301
Latitude: 42.3809954

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For sale
Flex space
MA
Waltham
02452
28 Summer Avenue #3

What type of property is this?

Flex space - Flex commercial condo with overhead doors and parking.

Where is this flex space located?

The property is located at 28 Summer Avenue #3 Waltham, MA.

What is the asking price?

The asking price for this property is $789,000.

What are key features of this property?

This property features: Convenient location off Lexington Street with easy access to major highways; Flex commercial condo suitable for various business types; Overhead bay doors on both north and south sides of the building