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Renovated Industrial Unit with Loading
For Lease
$17 SF/Yr

1c Melvin Street, Wakefield, MA 01880

Two-level industrial unit with loading dock, renovated in 2025.

Space SizeContact for details
Days on Market271

Property Features for 1c Melvin Street

General Information

Standard status Active

Building Details

Year Built 1987
Listing Agency: Coldwell Banker Realty - Lynnfield
Listed By: Frank T. Rossetti
Source: Colonialmanorrealty
Added: Dec 29, 2025 Changed: Aug 8 Last Checked: Aug 8 at 3:30PM

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 Coldwell Banker Realty - Lynnfield

Investment Insights

Based on property information with market context.

This industrial unit, located near Wakefield Center, offers proximity to a supermarket, restaurants, and other conveniences. The two-level space includes a loading dock. The unit, totaling 2838 square feet, was fully renovated in 2025 and features a reception area with a built-in reception desk/counter. This is a single, non-subdividable unit.

Key Highlights

  • Prime location near Wakefield Center, supermarket, and restaurants.
  • Fully renovated in 2025 offering a modern, professional appearance.
  • Includes a loading dock for efficient operations.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Auto Parts Store Building Supply Pharmacy Garden Center

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

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,371
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Similar Off Market Nearby

  • Harvest Catering Inc — 24 Richardson St, Wakefield, MA 01880
  • Maya Catering — 33 Tuttle St, Wakefield, MA 01880

Frequently Asked Questions

What type of property is this?
Flex space - Two-level industrial unit with loading dock, renovated in 2025.
Where is this flex space located?
The property is located at 1c Melvin Street Wakefield, MA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Prime location near Wakefield Center, supermarket, and restaurants.; Fully renovated in 2025 offering a modern, professional appearance.; Includes a loading dock for efficient operations.
More about this property
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