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Renovated Office Building
For Sale
$1,290,000

45 Albion St, Wakefield, MA 01880

Multi-level layout includes private offices, reception, conference space, and employee outdoor areas.

Property SizeContact for details
Days on Market362

Property Features for 45 Albion St

General Information

Standard status Active
Total Parking Spaces 11
Property subtype COMMERCIAL

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $15,160

Amenities

outside employee patio and seating area
open air porch
conference room/kitchenette
motion controlled security lighting

Building Details

Year Built 1900
Year Renovated 2024
Buildings 1
Listing Agency: Barrett, Chris. J., REALTORS
Listed By: Christopher Barrett · License #9533397
Source: Jonathanradford
Added: Aug 19, 2025 Changed: Aug 14 Last Checked: Aug 14 at 6:13AM

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 Barrett, Chris. J., REALTORS

Investment Insights

Based on property information with market context.

This office building combines a renovated exterior and interior with a newly added second floor completed in 2024. The 1,500 S/F first floor features a two-story entry foyer, reception area, five offices, and two lavatories. The 1,200 S/F second floor provides four additional offices, two lavatories, an executive corner office with a private lavatory, and a 22-foot open-air porch. A finished lower level adds a 25X14 conference room with kitchenette, an office, and a utility room. Improvements include Hardie board siding, PVC trim, windows, roof, Trex decking, plumbing, wiring, mini splits, LifeProof vinyl flooring, and motion-controlled security lighting.

The property is located at 45 Albion St in Wakefield’s business district, near downtown and commuter rail. An employee patio and seating area complement the building, while off-street parking accommodates 10/11 cars. The configuration is suited to a single occupant and can also accommodate multiple users.

Key Highlights

  • Second‑floor addition completed in 2024, with updated siding, windows, roof, plumbing, wiring, mini splits, and flooring
  • 1,500 S/F first floor with reception, 5 offices, 2 lavatories, and a two‑story entry foyer
  • 1,200 S/F second floor with 4 offices, 2 lavatories, an executive office, and a private lavatory

Property Analytics

Current Use

Best Home Care Home Health Care Service

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.

Location Intelligence

Trade Area within ½ mile

1,536
Businesses Nearby

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 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 - Multi-level layout includes private offices, reception, conference space, and employee outdoor areas.
Where is this office building located?
The property is located at 45 Albion St Wakefield, MA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Second‑floor addition completed in 2024, with updated siding, windows, roof, plumbing, wiring, mini splits, and flooring; 1,500 S/F first floor with reception, 5 offices, 2 lavatories, and a two‑story entry foyer; 1,200 S/F second floor with 4 offices, 2 lavatories, an executive office, and a private lavatory
More about this property
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