Property profile

557 Main St Reading, MA 01867

OFF-MARKET
Retail properties & Spaces
5,000 SF 3.66 ac lot Built 1930
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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

Current use

Occupant on record · Public records
  • Television Studio Media Distribution

Location

557 Main St Reading, MA 01867
Reading metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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