500 Main St, Wilmington, MA 01887-3210
This exceptional mixed-use property, located at 500 Main St, Wilmington, MA 01887, presents a unique adaptive reuse or redevelopment opportunity. The 25,490 square foot lot boasts two buildings totaling 3,942 square feet, currently vacant and requiring extensive renovation. The main structure, a two-story building constructed in 1939, previously housed a dental office on the first floor and an apartment above. A separate single-story building was also used as an office space. The property is zoned General Business (GB), offering flexibility for a variety of commercial uses. This presents a chance to capitalize on the property's historic charm and prime location within the Boston MSA. The asking price is $729,000, with an assessed value of $560,100 (2024) and real estate taxes of $14,691 (2024). The property consists of three units, providing versatile leasing options. The sale is "as is, where is." This is an ideal investment for developers seeking a high-potential project in a desirable Massachusetts location. The property's location on Main Street offers excellent visibility and accessibility. The price per square foot is $184.93.
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Laser Registered Nurse Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.