416 Main St - Office FOR SALE


Wakefield, MA 01880
$5,900,000 USD
781-799-9266
416 Main St, Wakefield, MA for Sale
$5,900,000 USD
Office - FOR SALE
1/36
null | 5.65% Cap Rate

416 Main St
Wakefield, MA 01880


HIGHLIGHTS

  • Exceptional investment opportunity in a historically significant building originally constructed by Cyrus Wakefield in 1868.
  • Consists of 42 diverse commercial units providing stable multi-tenant income with value-add potential through rental optimization.
  • Located in the heart of downtown Wakefield, benefiting from strong visibility and proximity to area amenities and businesses.

OVERVIEW

An exceptional opportunity to acquire a landmark 42-unit commercial building at the heart of downtown Wakefield. Originally constructed by Cyrus Wakefield, the industrialist after whom the Town of Wakefield was named in 1868, this property represents a rare convergence of historical significance, stable multi-tenant income, and a compelling rent-upside story that gives a buyer an immediate, low-risk path to value creation. The building is mostly tenancy at will. Those who have walked through the Wakefield Building invariably come away with something beyond a financial impression. The craftsmanship is immediate and undeniable — the massiveness of the structure, the robust mechanical systems, the sweeping staircases, the warmth of real wood throughout. There is a soul to this building that no modern construction can replicate, and visitors feel it instinctively. It is the rare quality of something built without compromise, in an era when buildings were made to last centuries. Check the website: wakefieldbuilding.com for more information. More information: Rent roll and income/expenses will be shared upon signature of NDA (attached). We are exploring with the Town of Wakefield, residential-over-commercial conversion. Square footage is approximative. All documents are provided for informational purpose only. Buyer and Buyer Agent to do due diligence.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wakefield Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B

APN/PARCEL ID

WAKE-000017-000074-000148

ASK ABOUT THIS PROPERTY

Nadia MounsifMcCaul & Mounsif Real Estate GroupMore Info
781-799-9266

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Nadia MounsifMcCaul & Mounsif Real Estate GroupMore Info
781-799-9266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.