Entity Owned Property summary
An office condominium in Wakefield, Massachusetts, located approximately one minute from I-95/Route 128 and about ten minutes from I-93, with convenient access to downtown Wakefield and Lake Quannapowitt. The unit was previously formed by combining two offices into a larger space and is configured with two reception areas/desks, four private offices, and one conference room with space suitable for file cabinets. Additional interior features include a kitchen, access to two restrooms, and a walk-up attic used for storage. The condominium is designed for parking availability. Updates made within the last five years include improvements to the parking lot, LED lighting, bathroom updates, and window replacements. Common-area services are supported through an association fee that covers items such as water/sewer, master insurance, landscaping, snow removal, refuse removal, extra storage, and housekeeping of common areas.
Property profile
VerifiedCap rate & NOI
Current use
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Architect
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Dental Office
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Dental Office
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Law Firm
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B · Wakefield, MAb) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…
What can be built and operated here — officially.
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