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Historic Office Building with Basement
For Sale
$849,900

7 Foster Street, Wakefield, MA 01880

Commercial Sale, Wakefield, MA

Property Size4,388 SF
Lot Size0.08 Acres
Price / SF$193.69
Days on Market46

Property Features for 7 Foster Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning comm
Zoning description Legal Conforming
Directions Please use GPS.
Standard status Active
APN 817034
Size 4,388 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14703
Listing Agency: REMAX Andrew Realty Services · RE/MAX International
Listed By: John Veneziano
Added: Jul 21 Changed: Sep 3 Last Checked: Sep 4 at 12:06AM
MLS# 73552647

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.

This 4,388-square-foot office building has three stories with open areas on each level, along with kitchen areas, multiple bathrooms, and substantial storage. The property has been updated and retains historic significance, while additional space is provided by an attic and a full-height walk-out basement.

Located at 7 Foster Street in downtown Wakefield, the property is zoned comm and offers a flexible layout for professional, creative, educational, nonprofit, wellness, or other commercial uses, subject to buyer due diligence. The building can accommodate varied floor configurations for an owner-user or commercial occupant.

Key Highlights

  • 4,388 SF, 3‑story office building with historic significance
  • Updated interior with open areas on each level
  • Full‑height walk‑out basement and additional attic space

Property Analytics

Current Use

Minuteman Automation Systems Industrial Manufacturer

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Updated three-story commercial building with flexible open areas, attic storage, multiple bathrooms, and a walk-out basement.
Where is this office building located?
The property is located at 7 Foster Street Wakefield, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 4,388 SF, 3‑story office building with historic significance; Updated interior with open areas on each level; Full‑height walk‑out basement and additional attic space
More about this property
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