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Restaurant Retail Space with Kitchen
For Lease
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406 Main Street, Wakefield, MA 01880

Single-story brick restaurant/retail space offers a large open layout with a full kitchen and basement storage.

Space Size7,283 SF
Property Size8,544 SF
Days on Market131

Property Features for 406 Main Street

General Information

Standard status Active
Size 7,283 SF
Class B
Property subtype Retail, Office, Restaurant
Lease Type NNN

Building Details

Building Size 8,544 SF
Year Built 1940
Tenancy Multiple

Spaces For Lease

at 406 Main Street Contact us

406 Main

Size
7,283 SF
Availability
Active
Contact us
Listing Agency: Bernazzani Real Estate, LLC.
Listed By: Brendon Bernazzani · License #MA 9566442-RE-B
Source: Crexi
Added: May 1 Changed: Sep 7 Last Checked: Sep 7 at 4:59AM

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 Bernazzani Real Estate, LLC.

Investment Insights

Based on property information with market context.

Single-story brick restaurant/retail space is available for lease with a large, open floor plan and full kitchen built out for restaurant use. The space includes two bathrooms and offers basement storage. Off-street parking is available, along with plenty of easy street parking, supporting both customer access and day-to-day operations. Restaurant and kitchen equipment may be negotiable with an agreement.

The property is located directly in the center of Downtown Wakefield, approximately two miles from I-95. Commuter rail access is roughly 0.5 miles from the location.

The unit was previously occupied by a restaurant/deli for many years, making it suitable for a tenant seeking a ready-to-operate restaurant setup while customizing the space as needed.

Key Highlights

  • Single‑story brick restaurant/retail space built in 1940
  • 7,283 SF large open floor plan currently built out for restaurant use
  • Full kitchen with restaurant/kitchen equipment available for negotiation

Property Analytics

Current Use

Conventional restaurants

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.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,536
Businesses Nearby
114k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 41% Shops & Services 28% Groceries 24% Home Improvements & Furnishings 7%
Shaw's Supermarket Groceries
27,577 visits/mo 0.4 miles
McDonald's Dining
24,489 visits/mo 0.3 miles
Dunkin' Donuts Dining
14,135 visits/mo 0.4 miles
Dollar Tree Shops & Services
11,563 visits/mo 0.1 miles
Hart's Ace Hardware Home Improvements & Furnishings
7,861 visits/mo 0.1 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Single-story brick restaurant/retail space offers a large open layout with a full kitchen and basement storage.
Where is this conventional restaurant located?
The property is located at 406 Main Street Wakefield, MA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Single‑story brick restaurant/retail space built in 1940; 7,283 SF large open floor plan currently built out for restaurant use; Full kitchen with restaurant/kitchen equipment available for negotiation
More about this property
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