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    Property profile & analytics
    OFF-MARKET Estimated value $2,335,000
    Office buildings

    58 Concord St, North Reading, MA 01864-2602

    9,360 SF 1.42 ac lot Built 1968
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US38-0399740
    Property summary
    AI-generated overview

    This exceptional 9,600 square foot, two-story office building is available for lease at 58 Concord Street in North Reading, MA. Built in 1968 and renovated in 2000, this single-tenant property sits on 1.42 acres of land and offers ample parking with approximately 38 spaces. The building features a functional layout including seven offices, a conference room, kitchen, two restrooms, and file storage on the first floor. The second floor boasts 19 private offices, two additional restrooms, and another conference room. A total of four restrooms are available across both floors, along with a convenient shower and break room with kitchenette. Note that there is no elevator in this building. An attractive feature is a separate, fenced-in 15,000+ square foot contractor yard area, available for lease at an additional cost. This property is ideally situated approximately one mile from the Concord Street exit on Route 93, providing easy access to Route 93. The building is zoned for industrial office use and is projected to be available for occupancy around July/August 2024. This presents a unique opportunity for a business seeking a substantial, well-maintained office space with convenient amenities and ample parking.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1968
    Total area 9,360 SF
    Lot 1.42 ac (61,855 SF)
    Zoning code IB
    APN NREA M:019.0 B:0000 L:0014.0
    UPID US38-0399740
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Psychotherapy Associates Psychotherapist
    • Richard T. Kaufman, MSW Physician
    • Dr. Donna Whipple Psychotherapist Doctor
    • Billing Advantage, Inc Medical Billing Service
    • Hilary Clausius Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.33M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.72M
    Blend (final) Blend
    $2.34M
    Owner & transaction history
    58 Concord St LLC · 1 yrs held
    58 Concord St LLC
    since 2025
    Last sale
    $2.7M
    1 recorded transaction
    2025
    $2.7M
    Zoning & alternative use
    IB · North Reading, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.7M +19.8%
    Auto repair, garage $2.6M +16.1%
    Neighborhood: shopping center $2.6M +14.3%
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