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    500 Main St Wakefield, MA 01880

    Sponsored
    For Lease
    Contact for pricing

    6,000 SF Retail Space Available

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,000 square foot retail space is ideally situated at 500 Main Street in Wakefield, Massachusetts, within Middlesex County. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants to establish a significant presence in this vibrant community. The property is classified as street retail and commercial, offering excellent visibility and accessibility from Main Street. The building's total square footage is 6,000 square feet, all of which is available for lease. This presents a blank canvas for a business seeking to create a customized space to meet its specific needs. The property's location in Wakefield, MA, zip code 01880, offers convenient access to major transportation routes and a thriving local market. The address is 500 Main Street, providing high visibility and foot traffic. This is an excellent opportunity for businesses seeking a prominent location in a desirable area. The property type is retail, specifically street retail and commercial, ensuring high visibility and accessibility for customers. The tenancy is multiple, allowing for flexibility in leasing arrangements. The property is ready for immediate occupancy, providing a quick start for any business. This is a rare opportunity to secure a substantial retail space in a prime location. The property's size and location make it suitable for a wide range of retail businesses.

    Property Features for 500 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF

    HighLights

    • 6,000 SF retail space available for lease at 500 Main Street, Wakefield, MA 01880.
    • High‑profile location at the intersection of Main & Richardson Streets, with over 19,000 ADT.
    • Pre‑construction flexibility allows for customized build‑out.
    • Ideal for urgent care, medical, veterinary services, banks, casual dining, or coffee shops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Santander Bank Branch Bank

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0690407
    Latitude
    42.500704

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Retail Space Available
    Where is this individual retail property located?
    The property is located at 500 Main St Wakefield, MA.
    What are key features of this property?
    This property features: 6,000 SF retail space available for lease at 500 Main Street, Wakefield, MA 01880.; High-profile location at the intersection of Main & Richardson Streets, with over 19,000 ADT.; Pre-construction flexibility allows for customized build-out.
    Request Owner's contact information
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    Wakefield, MA 01880
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Main St Wakefield, MA 01880
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