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Single-Story Flex Building
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289 2nd Ave, Waltham, MA 02451

Single-story flex building with 18,050 SF on a 1.03-acre lot, currently leased with near-term vacancy.

Property Size18,050 SF
Lot Size1.03 Acres
Days on Market79

Property Features for 289 2nd Ave

General Information

Standard status Active
Size 18,050 SF
Lot size 1.03 Acres
Property subtype OFFICE
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Stories 1
Tenancy Single
Listing Agency: 128 CRE
Listed By: Jeremy A. Freid · License #9089542-RE-B
Source: Moodyscre
Added: May 14 Changed: Jul 26 Last Checked: Jul 30 at 1:14PM

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 128 CRE

Investment Insights

Based on property information with market context.

283–293 Second Avenue is an 18,050 SF single-story flex building on a 1.03-acre lot. The flexible layout is designed to accommodate a range of industrial, flex, medical, and service uses. The property is currently fully leased to an animal hospital, which plans to vacate at lease expiration, creating a near-term opportunity for an owner-user to acquire and occupy the asset within two years.

The site is located in Waltham’s established commercial and lab corridor and offers access to I-95/Route 128, Route 2, and Route 20. Main Street amenities are also nearby.

Additionally, 283–293 Second Avenue may be acquired together with 179 & 202 Bear Hill Road in Waltham to form a multi-asset portfolio offering within the Greater Boston submarket.

Key Highlights

  • 18,050 SF single‑story flex building on a 1.03‑acre (45,000 SF) lot in Waltham, MA
  • Currently fully leased to an animal hospital; tenant plans to vacate at lease expiration
  • Flexible layout supports a wide range of industrial, flex, medical, and service uses

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Grocery & Convenience Store Cafe & Coffee Shop Furniture & Home Goods Carpet & Flooring 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.

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,097
Businesses Nearby
Well-served
Demand for This Use

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

Lease Benchmarks for Waltham, MA

$53.56 /SF/Yr
Avg Asking Price
$10–$141 /SF/Yr
Price Range
3,624 SF
Avg Space Size

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Cricket Cafe & Catering — 1075 Main St, Waltham, MA 02451
  • Uptown Gourmet — 400 5th Ave #510, Waltham, MA 02451

Frequently Asked Questions

What type of property is this?
Flex space - Single-story flex building with 18,050 SF on a 1.03-acre lot, currently leased with near-term vacancy.
Where is this flex space located?
The property is located at 289 2nd Ave Waltham, MA.
What are key features of this property?
This property features: 18,050 SF single‑story flex building on a 1.03‑acre (45,000 SF) lot in Waltham, MA; Currently fully leased to an animal hospital; tenant plans to vacate at lease expiration; Flexible layout supports a wide range of industrial, flex, medical, and service uses
(617) 959-1319 Call to check price and availability
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