840 Lexington StWaltham, MA 02452

  • Commercial real estate
  • 6.22 AC
For Lease

Property Details for 840 Lexington St

Lot size
6.22 AC
Property type
Commercial real estate
APN
WALT M:023 B:007 L:0003
APU
WALTM023B007L0003

Description

This exceptional retail property, known as Wallex Plaza, is located at 840-878 Lexington Street in Waltham, Massachusetts, 02452. The entire 2,563 square foot building is currently available for lease, presenting a unique opportunity for a single tenant to occupy this entire commercial space. The property is classified as a multi-tenant retail building within Middlesex County. Given the total square footage, ample parking is provided, with a ratio of 4 parking spaces per 1,000 square feet of building area. This translates to a significant number of parking spaces for customers and employees, enhancing the convenience and appeal of the location. The property's address is strategically situated on Lexington Street in Waltham, offering excellent visibility and accessibility for potential businesses. The building's size and layout are ideal for a variety of retail uses, making it a versatile option for prospective tenants. Interested parties are encouraged to explore the possibilities this prime Waltham location offers. The property is ready for immediate occupancy. This is a rare opportunity to secure a substantial retail space in a desirable location. The property is easily accessible from major roadways, ensuring convenient access for both customers and employees.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $51,275,472
    Hospitality
    $46,968,056
    Educational
    $39,076,872
    Medical
    $40,420,788
    Retail
    $60,786,248
840 Lexington St, Waltham, Massachusetts

Location Insight

City
Waltham
County
Middlesex
State
Massachusetts
Latitude
42.4047
Longitude
-71.2348
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
2020
$317,306
$7,225,100
$8,321,700
$15,546,800
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