40 Grove StWellesley, MA 02482

Property Details for 40 Grove St

Lot size

1.49 AC

Property type

Office buildings

APN

WELL M:112 R:037 S:

APU

WELLM112R037S

Description

This exceptional Wellesley, MA office property, located at 40 Grove Street, 02482, offers a unique opportunity for businesses seeking premium office space. The building boasts a total of 50,588 square feet and features multiple tenancies, providing flexibility for various business needs. Currently, there are five available suites ranging in size from 941 to 1,700 square feet, perfect for small to medium-sized companies. The building's traditional office design provides a professional and efficient work environment. The property's prime location in Wellesley offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. This is an ideal opportunity to establish a presence in a thriving and highly sought-after business community. The building's classic architecture and well-maintained interior create a sophisticated and welcoming atmosphere. The available suites are ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality office space in a highly desirable location. The address is 40 Grove Street, Wellesley, MA 02482. The geographic coordinates are latitude 42.2959428 and longitude -71.2919265.

• CAP approach

  CAP return

  Valuation

  6%

  $10,717,509

  6.5%

  $9,893,085

  7%

  $9,186,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,470,034

  Geo Method

  $8,470,034

• Alternative Use

  Use

  Valuation

  Residential

  $12,267,425

  Hospitality

  $11,236,896

  Educational

  $9,348,965

  Medical

  $9,670,491

  Retail

  $14,542,835

Location Insight

City

Wellesley

County

Norfolk

State

Massachusetts

Latitude

42.2958

Longitude

-71.2918

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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