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    Waltham, MA
    Medical Premises

    Waltham, MA Medical Office Space for Sale

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    Two-Story Renovated Commercial Building
    Updated: Jun 29
    Two-Story Renovated Commercial Building

    649 Main Street, Waltham, MA 02451

    $1,150,000
    3,890 sqft
    3,890 SF two‑story commercial building built in 1910 on busy Main Street in downtown Waltham
    Recently renovated interior with open floor plan and expansive storefront windows for abundant natural light
    Flexible layout with multiple private offices or treatment rooms and a rear service area
    Updated ADA‑compliant restroom and separate rear access
    Suitable for retail, office, medical, wellness, showroom, creative, or professional uses
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    This listing looks promising.

    Here's a quick look at some key insights for

    649 Main Street, Waltham, MA 02451

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    • Est. Cap Rate

      4.9%
      NOI ÷ price

    • Est. NOI

      $56K
      Annual

    • Mortgage

      $200K
      Aug 1999

    • Last Sold

      Jun 2024
      $620K

    • Property Type

      Office Building
      Built 1910
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    Standalone Retail/Office/Flex Building
    Updated: Jul 11
    Standalone Retail/Office/Flex Building

    305 2nd Avenue, Waltham, MA 02452

    $3,795,000
    8,000 sqft
    0.78‑acre corner lot with an approximately 8,000 sq ft freestanding retail/office/flex building
    Standalone wide‑open layout suited for a range of uses including industrial, medical, retail, and service
    Building built in 1975
    Convenient access to I‑95/Route 128, plus Route 2 and Route 20
    Located on the corner of 2nd Avenue and Bear Hill Road
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    Waltham Medical Commercial Condo Unit
    Waltham Medical Commercial Condo Unit

    208-20 Hope Ave, Waltham, MA 02453

    $424,500
    1,156 sqft

    Medical/commercial condo unit in Waltham, renovated and updated.

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    Medical Office Condo For Sale
    Medical Office Condo For Sale

    207-20 Hope Ave, Waltham, MA 02453

    $499,900
    1,492 sqft

    Medical office condo with treatment and exam rooms for sale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Office/Medical Building with Parking
    Office/Medical Building with Parking

    220 Bear Hill Rd, Waltham, MA 02451

    Contact for pricing
    4,867 sqft

    For-sale office and medical suites with monument signage and strong highway access.

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    Waltham Medical Commercial Condo Unit
    Waltham Medical Commercial Condo Unit

    20 Hope Avenue #208, Waltham, MA 02453

    $424,500

    Medical commercial condo unit in a prime, convenient location.

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    Medical Office Condo For Sale
    Medical Office Condo For Sale

    20 Hope Avenue #207, Waltham, MA 02453

    $499,900

    Medical office condominium for sale in a convenient location.

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    Versatile Waltham Commercial Space For Sale
    Versatile Waltham Commercial Space For Sale

    180 Bear Hill Road, Waltham, MA 02451

    $5,800,000

    Adaptable commercial space suitable for medical, office, or retail use.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 Active listings in Waltham, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Spacious Office Condo in Medford
    Spacious Office Condo in Medford

    92 High Street #T31, Medford, MA 02155

    $694,000
    3,000 sqft

    Expansive professional office condo in a high-visibility Medford location.

    View details
    Second-Floor Medical Office Suite
    Second-Floor Medical Office Suite

    1560 Beacon St # 2nd Floor, Brookline, MA 02446

    Contact for pricing
    165,000 sqft

    Second-floor suite with large windows, existing dental infrastructure, and elevator access—well suited for medical or professional reuse.

    View details
    Medford Office Condo in Armory
    Medford Office Condo in Armory

    92 High St, Medford, MA 02155

    Contact for pricing
    40,000 sqft

    Professional office condo with historic charm and modern amenities.

    View details
    Medical Office Condo For Sale
    Medical Office Condo For Sale

    1180 Beacon St #7C, Brookline, MA 02446

    $875,000

    Medical office condo in Brookline, close to transportation.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Approved Medical Office Land
    Approved Medical Office Land

    28 Lumber St, Hopkinton, MA 01748

    $850,000

    Land approved for a 10,000 sq ft medical office.

    View details
    6.79 Acres on Merrow Road
    6.79 Acres on Merrow Road

    248 Merrow Rd, Tolland, CT 06084

    $700,000
    996 sqft 6.79 AC lot

    Commercial land with ranch home in technology campus zone.

    View details
    Norwich Commercial Parcel For Sale
    Norwich Commercial Parcel For Sale

    171 Otrobando Ave, Norwich, CT 06360

    $90,000

    Multi-use commercial land parcel in a convenient Norwich location.

    View details
    Corner Commercial Land Lot
    Corner Commercial Land Lot

    3280 E Main Street, Waterbury, CT 06705

    $199,000
    0.24 AC lot

    Corner lot zoned CA in Waterbury, offering approvals for a wide range of commercial and service uses.

    View details

    Waltham, MA Medical Office Space Market Trends and Statistics

    Explore 8 medical office space for sale in Waltham, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 14,538 square feet of properties for sale, with an estimated market value of $5,869,400.

    Sale prices for medical spaces in Waltham, MA start at $424,500, averaging $1,467,350, and reaching up to $3,795,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 53
    Office buildings 38
    Medical Office Space 12
    Coworking space 2
    Creative space 1

    Demographics Overview

    Population 65K
    Population Growth (5Y) +2.6%
    Median Household Income $115,286
    College Educated 62.1%

    High-Yield Neighborhoods for Investment

    Identify Waltham submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02453 $475.7K

    Taxes & Financing

    Tax Rate (average for all types) 1.96%
    Property Tax per SF $14.06 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Waltham fall within the 100,000+ square foot range.

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