274 Main StReading, MA 01867

  • Office properties
  • 23,985 SF
For Lease
$8.88/SF/YR View listing

Property Details for 274 Main St

Year built
1976
Construction
STEEL FRAME
Lot size
1.01 AC
Property size (Sq ft)
23,985 SF
Zone code
BUSA
Property type
Office properties
Property subtype
Office buildings
APN
READ M:011.0-0000-0222.0
APU
READM0110000002220

Description

This exceptional office space at 274 Main Street, Unit 204, offers 843 square feet of immediately available, sunlit professional space on the second floor. The building, constructed in 1976, boasts a total of 24,174 square feet and features one elevator for convenient access. This traditional office space is ideal for a small business or individual professional seeking a well-maintained and easily accessible location. The unit is part of a multi-tenant building with ample parking – 99 spaces in total, ensuring convenient parking for tenants and their clients. The strategic location offers easy access to major roadways, including Routes 28, 95, 128, and 93, as well as convenient proximity to public transportation. While the maximum contiguous space available is 843 square feet, the building may offer additional space options within the larger 24,174 square foot building. This property presents a fantastic opportunity for businesses seeking a well-located, functional, and readily available office space. The building's convenient location and ample parking make it a highly desirable option for professionals and businesses alike. Don't miss this chance to secure your ideal workspace.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,965,437
    6.5%
    $3,660,403
    7%
    $3,398,946
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,133,880
    Geo Method
    $3,133,880
  • Alternative Use

    Use
    Valuation
    Residential
    $4,538,900
    Hospitality
    $4,157,608
    Educational
    $3,459,081
    Medical
    $3,578,044
    Retail
    $5,380,793
274 Main St, Reading, Massachusetts
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Location Insight

City
Reading
County
Middlesex
State
Massachusetts
Latitude
42.5152
Longitude
-71.1043
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$35,242
$798,800
$1,928,900
$2,727,700
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