1 Wesley StMalden, MA 02148

  • Warehouses
  • 101,803 SF
For Lease

Property Details for 1 Wesley St

Year built
1925
Construction
STEEL FRAME
Lot size
1.21 AC
Property size (Sq ft)
101,803 SF
Zone code
I1
Property type
Warehouses
APN
MALD M:171 B:534 L:401
APU
MALDM171B534L401

Description

This exceptional industrial property, located at 1 Wesley St in Malden, MA 02148, offers a prime opportunity for businesses seeking flexible warehouse or distribution space. The property boasts a total of 101,803 square feet, with 25,095 square feet currently available for lease. The building features a desirable 25-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by three convenient loading docks and one drive-in door. The expansive 1.5-acre lot offers ample parking for employees and visitors. The property is zoned for industrial use, specifically Revere: IP (Industrial Park) and Malden: I-1 (Industrial 1), ensuring compatibility with a wide range of industrial operations. Situated in Middlesex County, this location provides easy access to major transportation routes, making it an ideal distribution hub. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving market. The property's size, features, and zoning make it suitable for a variety of industrial uses, from warehousing and distribution to light manufacturing and flex space. Don't miss this chance to establish your business in this strategic location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,265,110
    Hospitality
    $17,646,736
    Educational
    $14,681,878
    Medical
    $15,186,810
    Retail
    $22,838,476
1 Wesley St, Malden, Massachusetts

Location Insight

City
Malden
County
Middlesex
State
Massachusetts
Latitude
42.4327
Longitude
-71.0237
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$45,924
$899,500
$1,623,800
$2,523,300
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FAQs

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