321 Commonwealth RdWayland, MA 01778

Property Details for 321 Commonwealth Rd

Year built

1979

Construction

CONCRETE

Lot size

4.27 AC

Property size (Sq ft)

60,057 SF

Zone code

BA

Property type

Office buildings

APN

WAYL M:52 L:159

APU

WAYLM52L159

Description

This exceptional Class A executive office property, located at 321 Commonwealth Road in Wayland, Massachusetts, offers a rare opportunity for businesses seeking premium space in Middlesex County. The building totals 6,536 square feet and features two suites, with 5,148 square feet currently vacant and immediately available for lease. Individual suites range from a minimum of 1,582 square feet to a maximum contiguous space of 5,148 square feet, providing flexibility for various business needs. The building boasts impressive 8'6" ceilings and ample parking, with a ratio of 3.2 spaces per 1,000 square feet. The property is well-equipped with robust power infrastructure, including a 1,600 AMP, 480/270-volt system, ensuring reliable power for even the most demanding operations. Its convenient location in Wayland, MA, offers easy access to major transportation routes and amenities. This is an ideal opportunity for businesses seeking a modern, efficient, and well-located executive office space. The property is classified as Office and Industrial, specifically catering to executive office tenants. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional location. The zip code is 01778.

• CAP approach

  CAP return

  Valuation

  6%

  $9,929,216

  6.5%

  $9,165,430

  7%

  $8,510,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,847,048

  Geo Method

  $7,847,048

• Alternative Use

  Use

  Valuation

  Residential

  $11,365,133

  Hospitality

  $10,410,401

  Educational

  $8,661,331

  Medical

  $8,959,208

  Retail

  $13,473,182

Location Insight

City

Wayland

County

Middlesex

State

Massachusetts

Latitude

42.3219

Longitude

-71.354

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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