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Three-Level Office Building

603-605 Salem Street, Wakefield, MA 01880

For Sale
New
$2,490,900

Two legally separate office condominiums offer flexible floor plans and shared on-site parking.

Property Size8,478 SF
Price / SF$293.81
Days on Market7

Property Features for 603-605 Salem Street

General Information

Standard status Active
Size 8,478 SF
Total Parking Spaces 48
Elevators Yes
Property subtype Commercial
Zoning B, Legal Conforming

Additional Details

Highway Access Yes
Office Units 2
Property Use Office

Taxes and HOA fees

Annual Taxes $39,859

Building Details

Building Size 8,478 SF
Year Built 1984
Buildings 2
Stories 3
Construction brick
Listing Agency: Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By: Bernard Starr
Source: Castleknockrealtygroup
Added: Nov 3 Changed: Nov 7 Last Checked: Nov 8 at 5:07AM

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 Berkshire Hathaway HomeServices Commonwealth Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 8,478-square-foot office building has three elevator-served levels with bright lobby areas and flexible floor plans. The property is legally divided into two office condominiums and has a brick exterior. Built in 1984, it also includes a separate three-bay garage at the rear.

Located on Salem Street in Wakefield, the building has access and visibility from Route 128. Approximately 45 on-site parking spaces serve the property, which is zoned B and legally conforming.

Key Highlights

  • 8,478‑square‑foot office building across three elevator‑served levels
  • Legally divided into 2 office condominiums
  • Approximately 45 on‑site parking spaces

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Auto Repair Shop Bakery Plumbing Service Auto Parts Store Electrical Service

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

2
Office units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

712
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

Average Price Trend$/SF for Office buildings in Middlesex County, MA

$290 Jul
$302 Aug
$327 Sep
$345 Oct

Properties on Market for Office buildings in Middlesex County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Two legally separate office condominiums offer flexible floor plans and shared on-site parking.
Where is this office building located?
The property is located at 603-605 Salem Street Wakefield, MA.
What is the asking price?
The asking price for this property is $2,490,900.
What are key features of this property?
This property features: 8,478‑square‑foot office building across three elevator‑served levels; Legally divided into 2 office condominiums; Approximately 45 on‑site parking spaces
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