297 Boston Post RdWayland, MA 01778

Property Details for 297 Boston Post Rd

Year built

1961

Construction

FRAME

Lot size

3.38 AC

Property size (Sq ft)

30,646 SF

Zone code

BB

Property type

Super regional malls

APN

WAYL M:23 L:012

APU

WAYLM23L012

Description

Wayland Village, a 32,000 square foot shopping center in Wayland, Massachusetts, presents a unique investment opportunity. This multi-tenant property, built in 1961, boasts 5 suites, with 7,485 square feet currently vacant. Individual spaces range from a minimum of 851 square feet to a maximum contiguous space of 2,314 square feet, offering flexibility for various retail businesses. The center is strategically located at 297 Boston Post Rd, Wayland, MA 01778, in Middlesex County. Its convenient location, directly on Route 20 and just 15 minutes from Route 128 and Boston, ensures high visibility and accessibility. Anchored by a post office and CVS, Wayland Village benefits from significant foot traffic and a strong customer base within the affluent Wayland community. Ample parking is available with 160 spaces. The 3.38-acre lot provides ample room for expansion or outdoor amenities. This property offers a compelling opportunity to establish or expand a retail presence in a thriving suburban market. The existing infrastructure and prime location make this a highly desirable retail space. The property's size and layout are ideal for a variety of retail concepts, providing a chance to capitalize on the strong demographics and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,448,048

  6.5%

  $6,875,121

  7%

  $6,384,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,090,600

  Geo Method

  $10,090,600

• Alternative Use

  Use

  Valuation

  Residential

  $5,799,422

  Hospitality

  $5,312,239

  Educational

  $4,419,720

  Medical

  $4,571,722

  Retail

  $6,875,121

Location Insight

City

Wayland

County

Middlesex

State

Massachusetts

Latitude

42.3622

Longitude

-71.365

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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