500 Main StWakefield, MA 01880

Property Details for 500 Main St

Year built

2021

Construction

STEEL FRAME

Lot size

0.55 AC

Property size (Sq ft)

2,414 SF

Zone code

B

Property type

Banks

APN

WAKE M:000018 B:228A P:006C6E

APU

WAKEM000018B228AP006C6E

Description

This exceptional 10,000 square foot retail space is ideally situated at 500 Main Street in Wakefield, Massachusetts, within Middlesex County. Currently entirely vacant, this property presents a unique opportunity for a single tenant or multiple tenants seeking a high-profile location. The building's street-level retail configuration ensures maximum visibility and accessibility for customers. The entire 10,000 square feet is available for lease, offering significant flexibility for businesses requiring substantial space. The property's address, 500 Main Street, places it in a bustling commercial area of Wakefield, offering convenient access for both customers and employees. The zip code is 01880. This property is classified as street retail and is categorized as multiple tenancy, allowing for diverse business configurations. The building's size and location make it suitable for a wide range of retail uses, from large-format stores to smaller boutiques or a combination thereof. The property's prime location in Wakefield, MA, offers excellent visibility and accessibility, making it an attractive option for businesses seeking to establish or expand their presence in this thriving community. This is a rare opportunity to secure a significant retail space in a desirable location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $586,686

  6.5%

  $541,557

  7%

  $502,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,841

  Geo Method

  $794,841

• Alternative Use

  Use

  Valuation

  Residential

  $456,823

  Hospitality

  $418,448

  Educational

  $348,144

  Medical

  $360,117

  Retail

  $541,557

Location Insight

City

Wakefield

County

Middlesex

State

Massachusetts

Latitude

42.5008

Longitude

-71.0688

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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