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    FOR LEASE
    Office buildings

    331 Montvale Ave, Woburn, MA 01801

    32,040 SF 1.24 ac lot Built 1989
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US38-0889742
    Property summary
    AI-generated overview

    This exceptional 2,600 square foot office space is situated on the third floor of a six-story building at 331 Montvale Avenue in Woburn, Massachusetts. The property, with APN WOBU-000054-000005-000009, boasts a highly desirable location, less than two miles from I-95 and approximately eight miles north of Boston, offering easy access via Route 93 South. The building itself, constructed in 1980, comprises 32,040 total square feet on a 1.29-acre lot and features a traditional office design with a 12-foot ceiling height. This single-tenant space includes approximately five private offices, adaptable areas suitable for reception or conference rooms, and a fully equipped kitchenette lounge. The flexible layout caters to a variety of business needs, from general office space to professional or medical/dental practices. Ample parking is provided with approximately 80 shared spaces located at the rear of the building. The property's zoning is classified as "Bl". Its convenient location near downtown Boston, adjacent to I-93, and one exit from Route 95, coupled with its proximity to numerous restaurants and retailers, makes this an ideal location for any business seeking a thriving and accessible environment. The building is equipped with elevators.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1989
    Construction STEEL FRAME
    Total area 32,040 SF
    Lot 1.24 ac (54,014 SF)
    Zoning code B-I
    APN WOBU M:54 B:05 L:09 U:00
    UPID US38-0889742
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Lighthouse Payment Services, Inc. Bank Credit Union
    • East Boston Savings Bank Bank
    • Optimal Home Care MA Home Health Care Service
    • Unique System Skills LLC | IT Servicing and Solution Provider Company | Massachusetts Consultant Software Training Institute
    • NAMI Massachusetts Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.99M
    Blend (final) Blend
    $2.93M
    Owner & transaction history
    Mcdonalds R & E Co · 6 yrs held
    Mcdonalds R & E Co
    since 2019
    5 recorded transactions
    2023
    2019
    $1.4M
    2019
    $3.8M
    2019
    2014
    Zoning & alternative use
    B-I · Woburn, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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