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    OFF-MARKET
    Retail properties & Spaces

    557 Main St, Reading, MA 01867

    5,000 SF 3.66 ac lot Built 1930
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5,000 square foot retail property, located at 557 Main Street in Reading, MA, presents a unique investment opportunity. The building, constructed in 1930 and boasting a Class B designation, features a sleek and contemporary storefront, ideal for attracting customers. The property sits on a 3.66-acre lot and offers flexible space options, with suites ranging from 1,700 to 5,000 contiguous square feet. Currently, all 5,000 square feet are vacant, providing a blank canvas for a single tenant or multiple tenants. The two-story building comprises three total suites. The property benefits from high foot traffic, convenient parking, and excellent visibility. Its strategic location provides easy access to major roadways including Routes 128, 93, 129, and 28, as well as the MBTA Commuter Rail Station. The zoning is BUSB, and the property's APN is 017.0-0000-0180.0. Annual property taxes are $2.16 per square foot. This prime location within the Route 128 North submarket (Reading/Wakefield cluster) makes it perfect for medical, professional services, or retail businesses seeking a dynamic and bustling environment. No elevators are present. This is a chance to establish or expand your business in a highly visible and accessible location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1930
    Total area 5,000 SF
    Lot 3.66 ac (159,430 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Reading Community Television (RCTV) Television Studio Media Distribution
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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