$700,000
N/A Beds N/A Baths
HOA
N/A
LOT size: 0.06 Acres
SQFT
1260
85-87 Albion St
Wakefield, MA 01880

Property Description

Newly updated commercial space near the center of town with dextrous zoning. This property is available with one side as a lease to own (MLS #: 72593227), or, direct sale for both sides. The other unit is currently within a multi-year lease. Upbeat and accessible Wakefield location featuring a bright, malleable space within a logical and welcoming floor plan. Former upscale Real Estate office has all major communication and network infrastructure improvements and is ready for business. Street level space dressed in recent decor and design offers a reception area, three private offices, large open work area wth adjacent utiltiy corridor and kitchenette. The lower level space was designed as a professional classroom yet could be adapted easily to a myriad of purposes. The other unit is a vibrant service provider in the Health/Beauty sector with a well maintained and modern interior.

Property Details

Property Information

  • Location: Downtown
  • Type: Commercial
  • Space Available: For Sale/Lease
  • Number of Buildings: 1
  • Traffic: 9999
  • On File 21e: No
  • Plan Plan: No
  • Location: Other (See Remarks)
  • Parking Feature: Common, Street
  • Survey: Unknown
  • Site Condition: Dry
  • MLS ID#: 72639003

Financial

  • Building Assessed Value: 218100
  • Land Assessed Value: 217700
  • Total Assessed Value: 497800
  • Exchange: No
  • Special Financing: Yes
  • Condo Association: No
  • Lease: Yes
  • Lease Type: Triple Net Lease (NNN)
  • Lease Type: Building
  • Sublet: No

Building Information

  • Number of Units: 2
  • Total Units: 2
  • Stories: 2
  • Total SQFT: 1260
  • Total Restrooms: 1
  • Retail Units: 2
  • Retail SQFT: 2700
  • Warehouse Units: 2
  • Warehouse SQFT: 2500

Construction & Utilities

  • Construction: Brick
  • Roof Material: Membrane, Wood Shingles
  • Building Depth: 45
  • Ceiling Height: 11
  • Elevator: No
  • Handicap Access: Yes
  • Utilities: Natural Gas, Public Sewer, Public Water

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