311 Boston Post RdWayland, MA 01778

Property Details for 311 Boston Post Rd

Year built

1980

Property size (Sq ft)

1,791 SF

Zone code

BUSB

Property type

Office properties

APN

WAYL M:23 L:013

APU

WAYLM23L013

Description

This exceptional commercial property at 311 Boston Post Road in Wayland, MA, presents a unique investment opportunity. The free-standing building comprises two distinct condo units, totaling 3555 square feet, each offering versatile space ideal for a variety of uses. The property benefits from high visibility due to its direct frontage on Route 20, ensuring excellent exposure for any business. Ample parking is available with over 21 spaces. Unit B, encompassing 1791 square feet, features individual offices across two floors, private bathrooms, a decorative fireplace, and a rear picnic area. Its previous use as a real estate office highlights its suitability for both retail and office applications. Unit A, measuring 1764 square feet, was formerly a dental office, offering individual rooms and a reception area. This unit enjoys abundant natural light from windows on three sides. The building is equipped with gas heat, public water, sewer, and central air conditioning with two zones, ensuring year-round comfort and efficiency. The high water flow capacity of the sewer system allows for a wide range of potential uses. The property is zoned BUSB. This property offers the potential to occupy one unit while generating rental income from the other, making it an attractive investment for both owner-occupiers and investors. The asking price is $1,895,000.

• CAP approach

  CAP return

  Valuation

  6%

  $296,106

  6.5%

  $273,328

  7%

  $253,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,012

  Geo Method

  $234,012

• Alternative Use

  Use

  Valuation

  Residential

  $338,927

  Hospitality

  $310,456

  Educational

  $258,295

  Medical

  $267,179

  Retail

  $401,793

Location Insight

City

Wayland

County

Middlesex

State

Massachusetts

Latitude

42.3629

Longitude

-71.3652

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].