444 Washington StWoburn, MA 01801

Property Details for 444 Washington St

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.72 AC

Property size (Sq ft)

40,025 SF

Zone code

R-2

Property type

Office buildings

APN

WOBU M:21 B:01 L:02 U:00

APU

WOBUM21B01L02U00

Description

This exceptional medical office building, located at 444 Washington Street in Woburn, Massachusetts, presents a unique investment opportunity. The property, a Class B building constructed in 1983, boasts a total of 42,068 square feet and is currently offering multiple suites for lease. The building's flexible layout allows for a variety of configurations, with spaces ranging from a minimum of 895 square feet to a maximum contiguous space of 2,269 square feet. Currently, there are 7,391 square feet of vacant space available, providing immediate occupancy options for expanding or relocating medical practices. Situated in Middlesex County, this property benefits from its convenient location in Woburn, MA, zip code 01801. The building's multiple tenancy structure offers a diverse tenant base, contributing to its overall stability and potential for strong returns. The available spaces are ideal for a range of medical specialties, providing ample room for growth and expansion. This is a prime opportunity to secure high-quality medical office space in a thriving Massachusetts community. The building's 1983 construction provides a solid foundation for future operations, while the available square footage offers flexibility for various medical practice needs. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,617,328

  6.5%

  $6,108,303

  7%

  $5,671,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,229,666

  Geo Method

  $5,229,666

• Alternative Use

  Use

  Valuation

  Residential

  $7,574,296

  Hospitality

  $6,938,014

  Educational

  $5,772,346

  Medical

  $5,970,866

  Retail

  $8,979,205

Location Insight

City

Woburn

County

Middlesex

State

Massachusetts

Latitude

42.5054

Longitude

-71.1272

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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