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Life science properties
MA
Woburn
01801
34 Commerce Way

Property profile

34 Commerce Way Woburn, MA 01801

FOR LEASE

Life science properties

Property ID

US38-0661083

56,254 SF 1.8 ac lot Built 1979

Individually Owned 28-yr Hold Free & Clear

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Contact for pricing 29,464 SF available

34 Commerce Way, Woburn, MA 01801
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This Middlesex County property at 34 Commerce Way offers 58,500 square feet of versatile industrial space, ideal for manufacturing, flex, R&D, commercial, lab, or office uses. The Class B building, constructed in 1976 and renovated in 1998, currently has 1,530 square feet of vacant space available. Multiple tenancy options exist, with spaces ranging from a minimum of 237 square feet to a maximum contiguous space of 933 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable workspaces in a well-maintained building. The property's location in Middlesex County provides convenient access to major transportation routes and amenities. The building's adaptable layout and recent renovations make it suitable for a variety of businesses. Whether you need a small, efficient workspace or a larger, contiguous area, this property offers the flexibility to meet your specific needs. Contact us today to learn more about the available spaces and schedule a viewing. Don't miss this chance to secure your ideal workspace in this prime Middlesex County location.

Property type Life science properties

Use group R&D FACILITY, LABS, PHARMA

Year built 1979

Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)

Total area 56,254 SF

Lot 1.8 ac (78,408 SF)

Zoning code I-P

APN WOBU M:20 B:01 L:04 U:00

UPID US38-0661083

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Production Facility Factory
Limousine Service Airport Shuttle Service
Electric Vehicle Charging Station
Laboratory
Research And Product Development

34 Commerce Way Woburn, MA 01801

Woburn metro Census 333601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

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AI Approach AI

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CAP Approach CAP

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Comparable Approach Comparable

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Blend (final) Blend

$630k

since 1998

1 recorded transaction

1998

$2.0M

Zoning description

(I-P), Industrial Park 2 (I-P2), and the Interstate Business (B-1) Zoning District as shown on the City of Woburn zoning map as CWCOD dated December 23, 2009 and as may be amended from time to time. (amended 12/23/2009)…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$710,000

59,784 SF

12 Cabot Rd

R&D FACILITY, LABS, PHARMA

12 Cabot Rd, Woburn, MA 01801-1198

View Details
Value Estimation
$900,000

58,361 SF

4 Constitution Way

R&D FACILITY, LABS, PHARMA

4 Constitution Way, Woburn, MA 01801-8510

View Details
Value Estimation
$4,450,000

20,130 SF

240 Salem St

R&D FACILITY, LABS, PHARMA

240 Salem St, Woburn, MA 01801-2029

View Details
Value Estimation by Request
42,722 SF

300-395 Cummings Park

Life science properties

300-395 Cummings Park, Woburn, MA 01801

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Value Estimation
$670,000

30,570 SF

15 Constitution Way

R&D FACILITY, LABS, PHARMA

15 Constitution Way, Woburn, MA 01801-1024

View Details
Value Estimation by Request
76,000 SF

2-8 Henshaw St

Life science properties

2-8 Henshaw St, Woburn, MA 01801

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