1030 Main StWaltham, MA 02451

Property Details for 1030 Main St

Year built

2012

Construction

STEEL FRAME

Lot size

4.31 AC

Property size (Sq ft)

48,063 SF

Property type

Retail space

APN

WALT M:058 B:018 L:0018

APU

WALTM058B018L0018

Description

Main Street Marketplace offers a fantastic retail opportunity in Waltham, Massachusetts. This established shopping center, totaling 44,639 square feet, boasts a prime location at the signalized intersection of Main Street (Route 117) and Weston Street (Route 20). With excellent visibility and high traffic counts, this property benefits from its proximity to major roadways, including I-95 (approximately 0.5 miles away), and is situated within Waltham's thriving commercial district, the largest suburban office market in Massachusetts, boasting over 12 million square feet of office space. Currently, 1,148 square feet of retail space is available, perfect for a variety of businesses. The center features ample parking with 239 spaces (a ratio of 5.3 per 1,000 square feet), ensuring convenient access for customers and employees. The surrounding area is home to a strong mix of established retailers, including CVS, Walgreens, Marshalls, Market Basket, Not Your Average Joe's, and Starbucks, creating a vibrant and attractive retail environment. This location offers exceptional visibility and accessibility, making it an ideal space for businesses seeking a high-traffic location in a bustling suburban market. The property is located approximately 0.8 miles west of downtown Waltham and benefits from its position in Middlesex County, Massachusetts, with the address being 1030 Main St, Waltham, MA 02451.

• CAP approach

  CAP return

  Valuation

  6%

  $11,680,987

  6.5%

  $10,782,449

  7%

  $10,012,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,825,377

  Geo Method

  $15,825,377

• Alternative Use

  Use

  Valuation

  Residential

  $9,095,399

  Hospitality

  $8,331,337

  Educational

  $6,931,574

  Medical

  $7,169,962

  Retail

  $10,782,449

Location Insight

City

Waltham

County

Middlesex

State

Massachusetts

Latitude

42.3756

Longitude

-71.2525

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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