38 Edge Hl Rd Waltham, MA 02451-1716

Property Details for 38 Edge Hl Rd

Year built

1986

Construction

CONCRETE

Lot size

0.59 lot acres

Property size

16,035 SF

Property type

Office buildings

APN

WALT M:057 B:006 L:0008

APU

WALTM057B006L0008

Description

This exceptional investment opportunity presents a 16,035-square-foot, four-story office building situated on a 0.81-acre lot in Waltham, Massachusetts. The property, located at 38 & 40 Edge Hill Rd, 02451, is zoned Commercial/R3 and includes a separate 0.22-acre vacant lot. Built in 1986, the building features a single elevator, two staircases, and a sprinkler system. The interior boasts 14-foot ceilings (11 feet on levels with drop ceilings), eight restrooms (one men's and one women's per floor), and ample parking for 40 vehicles. The building is currently owner-occupied, with the current use being light manufacturing and laboratory space. The seller requires a two-year leaseback of less than 50% of the building's space, providing a potential income stream for the buyer. The property is approximately 1.5 miles from Route 95, offering convenient access to major transportation routes. This versatile property is suitable for traditional office, medical office, or creative office uses, making it an attractive investment for owner-users or investors seeking a multi-faceted opportunity in a prime Waltham location. The asking price is $3,295,000, with a price per square foot of $205.49. The building is heated by gas.

Location Insight

City

Waltham

County

Middlesex

State

Massachusetts

Longitude

-71.26

Latitude

42.3768

CBSA code

14460

CBSA name

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

Property Tax & Assessments