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High-Profile Retail and Medical Pad
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500 Main St, Wakefield, MA 01880

High-traffic corner site offers pre-construction space with options for drive-through up to 6,000 SF.

Property Size6,000 SF
Days on Market1255

Property Features for 500 Main St

General Information

Standard status Active
Size 6,000 SF
Property subtype RETAIL

Additional Details

Traffic Count 19,000 vehicles/day
Listing Agency: Atlantic Retail - Corporate
Listed By: Mary Powers
Source: Moodyscre
Added: Feb 21, 2023 Changed: Jul 27 Last Checked: Jul 30 at 9:29AM

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 Atlantic Retail - Corporate

Investment Insights

Based on property information with market context.

This high-profile retail and medical pad can accommodate approximately 1,800 SF with a drive-thru option expanding up to 6,000 SF, with the ability to build approximately 3,000 SF on each floor. The offering includes pre-construction flexibility to support a range of site layouts and uses.

The property is located at the intersection of Main St and Richardson St in the center of town, with traffic counts exceeding 19,000 ADT.

The site is presented for a variety of practical uses including urgent care, medical, veterinary services, banks, casual food, and coffee shop concepts, with drive-through available where desired.

Key Highlights

  • Corner site at Main St & Richardson St in the center of town
  • Traffic counts exceed 19,000 ADT
  • Can accommodate approximately 1,800 SF, with options for drive‑thru up to 6,000 SF total (3,000 SF per floor)

Property Analytics

Current Use

Santander Bank Branch Bank

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Food Market Cafe & Coffee Shop (Bike/Boat/Book/etc) Store 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

19,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,492
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?
Retail space - High-traffic corner site offers pre-construction space with options for drive-through up to 6,000 SF.
Where is this retail space located?
The property is located at 500 Main St Wakefield, MA.
What are key features of this property?
This property features: Corner site at Main St & Richardson St in the center of town; Traffic counts exceed 19,000 ADT; Can accommodate approximately 1,800 SF, with options for drive‑thru up to 6,000 SF total (3,000 SF per floor)
(617) 369-5915 Call to check price and availability
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