557 Main St, Reading, MA 01867
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.
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Reading Community Television (RCTV) Television Studio Media Distribution
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.