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Historic 3-Story Office Building
For Sale
$849,900

7 Foster Street, Wakefield, MA 01880

Distinctive building with open space on each floor, updated interiors, and added attic and walk-out basement storage.

Property Size4,388 SF
Price / SF$193.69
Days on Market45

Property Features for 7 Foster Street

General Information

Standard status Active
Size 4,388 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $14,703

Building Details

Building Size 4,388 SF
Stories 3
Listing Agency: REMAX Andrew Realty Services
Listed By: John Veneziano
Source: Classifiedrealtygroup
Added: Jul 23 Changed: Sep 4 Last Checked: Sep 5 at 4:45AM

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 REMAX Andrew Realty Services

Investment Insights

Based on property information with market context.

This distinctive 3-story office building offers expansive open space on each floor, with multiple layout options throughout. The property includes additional attic space and a full-height walk-out basement, providing useful storage and flexibility. Interiors have been thoughtfully updated for today’s needs, and each level offers practical amenities such as kitchen areas, multiple bathrooms, and abundant storage.

Located at 7 Foster Street in downtown Wakefield, the building’s historic character and versatile floor-by-floor configuration make it adaptable for a range of commercial uses. The seller notes suitability for professional, creative, educational, nonprofit, wellness, or other commercial uses, with buyers to perform due diligence regarding final use requirements.

With configuration flexibility across three levels plus basement and attic space, the property can support a variety of operational setups while keeping the core layout open and functional.

Key Highlights

  • 4,388 SF, 3‑story building with expansive open space on each floor
  • Updated for today’s needs with interior flexibility and multiple layout options on each level
  • Includes kitchen area and multiple bathrooms across the building

Property Analytics

Current Use

Minuteman Automation Systems Industrial Manufacturer

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,536
Businesses Nearby

Demographics for 01880, MA

27,071
Population
11,513
Households
2.4
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,658
Density / Sq Mi
$130,419
Median Household Income
$78,860
Median Earnings
$1,872
Median Rent
$670,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Distinctive building with open space on each floor, updated interiors, and added attic and walk-out basement storage.
Where is this office building located?
The property is located at 7 Foster Street Wakefield, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 4,388 SF, 3‑story building with expansive open space on each floor; Updated for today’s needs with interior flexibility and multiple layout options on each level; Includes kitchen area and multiple bathrooms across the building
More about this property
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