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Class A Office Building
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230 3rd Ave, Waltham, MA 02451

Class A, six-story office building with upgraded amenities, abundant natural light, and LEED Gold sustainability credentials.

Property Size43,184 SF
Days on Market83

Property Features for 230 3rd Ave

General Information

Standard status Active
Size 43,184 SF
Property subtype OFFICE
Listing Agency: Colliers | Boston
Listed By: James Elcock, CCIM
Source: Moodyscre
Added: May 9 Changed: Jul 25 Last Checked: Jul 30 at 12:25PM

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 Colliers | Boston

Investment Insights

Based on property information with market context.

230 Third Avenue is a Class A, six-story office building built in 1992, offering institutional-quality workspace with efficient floorplates of approximately 48,000 square feet and abundant natural light. The property totals approximately 296,000–299,000 square feet and is described as having flexible office/lab conversion potential, along with upgraded common areas.

The building is located within Waltham’s CityPoint mixed-use district and is directly off Route 128/I-95, providing immediate access to the Mass Pike for regional connectivity. Tenants can also access neighborhood amenities in the CityPoint and downtown Waltham areas.

Tenant amenities listed for the property include a full-service fitness center, on-site food service and café offerings, outdoor courtyard/seating areas, day care, on-site property management and security, and structured and surface parking totaling approximately 893 spaces. The building is described as LEED Gold. The lease term is through 7/31/2029, and high-end buildout and furniture availability are noted.

Key Highlights

  • Approx. 296,000–299,000 SF Class A office building across six stories with efficient ~48,000 SF floorplates
  • Built in 1992 with upgraded common areas and high‑end tenant buildout available, plus furniture availability
  • LEED Gold sustainability credentials

Property Analytics

Current Use

Prospect Hill Growth ... Corporate Office Galapagos Corporate Office Montis Financial Financial Advisor Bay Colony Development ... Social Service Agency Wolters Kluwer Financial ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Grocery & Convenience Store Cafe & Coffee Shop Furniture & Home Goods Food Market

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

Location Intelligence

Trade Area within ½ mile

1,321
Businesses Nearby

Demographics for 02451, MA

17,953
Population
7,852
Households
2.3
Avg Household Size
39
Median Age
55%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
3,387
Density / Sq Mi
$119,509
Median Household Income
$66,318
Median Earnings
$2,537
Median Rent
$709,200
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
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Frequently Asked Questions

What type of property is this?
Office building - Class A, six-story office building with upgraded amenities, abundant natural light, and LEED Gold sustainability credentials.
Where is this office building located?
The property is located at 230 3rd Ave Waltham, MA.
What are key features of this property?
This property features: Approx. 296,000–299,000 SF Class A office building across six stories with efficient ~48,000 SF floorplates; Built in 1992 with upgraded common areas and high‑end tenant buildout available, plus furniture availability; LEED Gold sustainability credentials
(617) 538-0718 Call to check price and availability
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