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    209 Albion St Wakefield, MA 01880

    Sponsored
    For Lease
    $272 SF/Yr

    Prime Retail/Office, Single Tenant, 950 sq ft.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional property at 209 Albion Street in Wakefield offers 950 square feet of street-level commercial space, ideal for retail or office use. Situated in a vibrant downtown location, this single-tenant space is perfect for a business seeking high visibility and accessibility. The building, constructed in 1900, is a single-story structure with a total of 2,000 square feet. This particular unit comprises 950 square feet of that total. The property is zoned B, allowing for a variety of commercial uses. Its convenient location offers easy access to public transportation, being only 0.2 miles from Wakefield Station on the Haverhill Line. This presents a significant advantage for employees and customers alike. The property's address is 209 Albion Street, Middlesex County, with Lake Street as a cross street. The building itself is a single structure, offering a unique opportunity for a business seeking a prominent downtown presence. The property's classic architecture blends seamlessly with the character of the surrounding area, providing a charming and established setting for any business. This is a rare opportunity to secure a well-located, single-tenant space in a thriving downtown area. The space is ready for immediate occupancy.

    Property Features for 209 Albion St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    45400

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    950 SF
    Rate per SF
    $272

    HighLights

    • 950 square feet of street‑level retail or office space in downtown Wakefield.
    • Single‑tenant occupancy.
    • Located 0.2 miles from Wakefield Station on the Haverhill Line.
    • 2,000 total building square feet.
    • One‑story, 1900‑built building.
    • B‑zoned property in Middlesex County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Confidence and Beauty Eyelash Salon Day Daze Esthetics Beauty Salon

    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
    -71.0769601
    Latitude
    42.5003324

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail/Office, Single Tenant, 950 sq ft.
    Where is this office property / space located?
    The property is located at 209 Albion St Wakefield, MA.
    What is the lease rate?
    The lease rate is $272 SF/Yr.
    What are key features of this property?
    This property features: 950 square feet of street-level retail or office space in downtown Wakefield.; Single-tenant occupancy.; Located 0.2 miles from Wakefield Station on the Haverhill Line.
    Request Owner's contact information
    209 Albion St Wakefield, MA 01880
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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
    209 Albion St Wakefield, MA 01880
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