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Office Suite with Shared Waiting Room
For Lease
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347 Massachusetts Ave, Arlington, MA 02474

Office suite with three large rooms and kitchen area, plus access to a professional shared waiting room and updated HVAC features.

Space Size650 SF
Days on Market681

Property Features for 347 Massachusetts Ave

General Information

Standard status Active
Size 650 SF
Property subtype OFFICE

Lease Terms

Lease Term 60 months
Flexible Term Yes

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Space Use Medical Office

Amenities

shared common waiting room
employee bath
public bath
bus stop
on-street parking
site signage

Building Details

Tenancy Multi

Spaces For Lease

at 347 Massachusetts Ave Contact us

347 Massachusetts Ave $1,875/Mo

Floor
3
Size
650 SF
Type
OFFICE
Lease Type
PLUS_ELECTRIC
Availability
AVAILABLE, Now
Sublease
No
- Great office space, in very well maintained building, in PRIME Mass Ave location....
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Listing Agency: Sotheby's - Gibson | Arlington
Listed By: Robert Bowes
Source: Moodyscre
Added: Oct 1, 2024 Changed: Aug 8 Last Checked: Aug 11 at 12:43PM

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 Sotheby's - Gibson | Arlington

Investment Insights

Based on property information with market context.

This office suite includes three large rooms and a kitchen area, along with access to a large, professional shared common waiting room. One room offers a separate sink area, and additional sink units could be added for medical use. The space also has use of an employee bath and access to a newly renovated public bath in the common area.

The unit will be freshly painted prior to occupancy. Updates include forced hot water from gas heat, A/C, and Thermopane windows. Utilities are individually controlled, and tenant-paid electricity is handled separately.

Convenient to Arlington’s Arl Center/East Arl area at 347 Massachusetts Ave, with a bus stop and on-street parking at the door. Additional building services and costs included with rent are heat, hot water, taxes, insurance, water, sewer, landscape and snow removal. Lease term is 3 to 5 years with options, and other office tenants in the building include a dentist and a financial advisor.

Key Highlights

  • 650 SF office suite with three large rooms and kitchen area
  • Access to a large, professional shared common waiting room
  • Forced hot water gas heat, A/C, and Thermopane windows

Property Analytics

Current Use

Hands-On Healing Therapeutic ... Alternative Medicine Practice Arlington Dental Care Dental Office Kalpana Kaveti Dental Office Shahnaz Muhammad Dental Office

Suggested Use

Top Pick Computer & Electronic Repair Garden Center Furniture & Home Goods Accounting Firm Nail Salon (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$5.19 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,829
Businesses Nearby

Demographics for 02474, MA

28,551
Population
12,541
Households
2.3
Avg Household Size
40
Median Age
74%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,210
Density / Sq Mi
$139,199
Median Household Income
$80,498
Median Earnings
$2,157
Median Rent
$887,000
Median Home Value

Market

Lease Benchmarks for Arlington, MA

$32.39 /SF/Yr
Avg Asking Price
$11.97–$41.77 /SF/Yr
Price Range
3,662 SF
Avg Space Size

This space is priced 7% above the average of $32.39 /SF/Yr.

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 units - Office suite with three large rooms and kitchen area, plus access to a professional shared waiting room and updated HVAC features.
Where is this office units located?
The property is located at 347 Massachusetts Ave Arlington, MA.
What is the lease rate?
The lease rate is $1,875/Mo.
What are key features of this property?
This property features: 650 SF office suite with three large rooms and kitchen area; Access to a large, professional shared common waiting room; Forced hot water gas heat, A/C, and Thermopane windows
(781) 696-5945 Call to check price and availability
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