380 Lowell St Wakefield, MA 01880
- Office Properties & Spaces
- 450 SF
Current Use by Public Records
- Corson Insurance / Insurance Agency
- Carey & Slater Law Offices / Attorney
- NVP Podiatry, LLC / Medical Clinic / Podiatrist
- LEC Environmental Consultants, Inc / Environmental Consultant
- Law Office of Terrence J. Slater / Attorney
Property Details for 380 Lowell St
- Year built
- 1983
- Construction
- FRAME
- Property size
- 450 SF
- Zone code
- B
- Property type
- Office Properties & Spaces
- APN
- WAKE M:00014C B:157A P:0027C1
- APU
- WAKEM00014CB157AP0027C1
Description
This exceptional 98,000 USD commercial property at 380 Lowell Street, Unit 202a, Wakefield, MA, presents a rare opportunity for business owners. The second-floor space boasts a generous layout ideal for professional use, featuring three distinct rooms. A welcoming reception area at the entrance provides a professional first impression. Two additional private offices offer ample space for individual work or client meetings. The unit includes a convenient storage closet and additional attic storage, perfect for files, equipment, or supplies. Recent upgrades include numerous newer Harvey windows (less than one year old), ensuring abundant natural light and energy efficiency. Two updated bathrooms add to the convenience and functionality of the space. Ample parking is available for staff and clients. The property's strategic location offers easy access to the Commuter Rail, Route 128, Downtown Wakefield, and a variety of local restaurants. A security system with remote accessibility provides peace of mind. This is a truly unique opportunity to own a well-appointed office space in a highly desirable location, eliminating the ongoing costs of renting. Don't miss this chance to establish your business in a prime Wakefield setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $235,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $225,000
- Mixed-Use
- $240,000
- Hospitality
- $250,000
- Educational
- $245,000
- Residential Income
- $195,000
- Energy
- $260,000
- Income-Based Land
- $245,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Wakefield
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0634
- Latitude
- 42.5177
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
