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Renovated Office Building
For Sale
$1,099,000

45 Albion, Wakefield, MA 01880

Commercial Sale, Wakefield, MA

Property SizeContact for details
Lot Size0.13 Acres
Days on Market10

Property Features for 45 Albion

General Information

Property type Commercial Sale
Property subtype Other
Zoning B
Zoning description Legal Conforming
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
Directions From Main St: Albion St. From North Ave: Crescent St to Albion St. Property on right.
Standard status Active
APN 817097
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15160

Amenities

conference room
kitchenette
open-air porch
exterior security lighting

Building Details

Year built 1900
Listing Agency: Keller Williams Realty Evolution
Listed By: Keller Williams Realty Evolution
Added: Sep 15 Changed: Sep 19 Last Checked: Sep 24 at 3:06AM
MLS# 73577619

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 45 Albion Street, this office building combines a traditional 1900 structure with extensive 2024 improvements. The property includes multiple private offices across the first floor, second floor, and finished lower level, along with five bathrooms, a large conference room with kitchenette, and storage and utility areas. A two-story entrance and a corner office with a private bathroom add useful workspace variety. The upper-level office also opens to an approximately 22-foot open-air porch.

Major work completed in 2024 included a second-floor addition, Hardie board siding, windows, roofing, Trex decking, plumbing, electrical systems, mini-split heating and cooling, flooring, and exterior security lighting. The property provides 11 dedicated off-street parking spaces, with additional street parking in the surrounding area. It is positioned one block from Main Street and approximately a quarter mile from the Wakefield MBTA Commuter Rail Station. The lot measures 0.1316 acres, and the property is zoned B.

Key Highlights

  • Extensive 2024 renovation with a second‑floor addition and updated building systems
  • Multiple private offices across three finished levels
  • Five bathrooms plus a conference room with kitchenette

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office property with private rooms, conference space, dedicated parking, and updated building systems.
Where is this office building located?
The property is located at 45 Albion Wakefield, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Extensive 2024 renovation with a second‑floor addition and updated building systems; Multiple private offices across three finished levels; Five bathrooms plus a conference room with kitchenette
More about this property
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