Property profile

297 Boston Post Rd Wayland, MA 01778

OFF-MARKET
Super regional malls
Property ID
US38-1756656
30,646 SF 3.38 ac lot Built 1961
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1961
Construction FRAME
Total area 30,646 SF
Lot 3.38 ac (147,233 SF)
Zoning code BB
APN WAYL M:23 L:012
UPID US38-1756656

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
  • Building Supply General Contractor
  • General Contractor
  • General Contractor Construction Company
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Shipping Company Freight Service

Location

297 Boston Post Rd Wayland, MA 01778-1827
Wayland metro Census 366202 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.38M

Owner & transaction history

Zoning & alternative use

BB · Wayland, MA

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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