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Mixed-Use

SigmaPros

910 Main St, Wakefield, MA 01880

Listing Price: $3,975,000

Cap Rate
8.50%
Gross SF
10,000
Rentable SF
5,000
Price/Gross SF
$397.50
Lot Size
1.11 acres

Investment Overview

Marcus & Millichap is proud to present the subject property located at 910 Main Street, Wakefield Massachusetts. The property is a unique mixed-use asset which is currently owner-occupied with retail, warehouse and office space. This flex space property is currently used as a showroom for Sigma Pros, a high-end commercial and residential design firm, with office space on the second floor. The property is a 16,000 SF freestanding building, with the first floor consisting of two sections, comprised of 5,000 SF of retail space and 3,000 SF of space that can be used for showroom or warehouse applications. The first floor includes two bathrooms, an office, a utility room, storage space and a freight elevator. The second floor consists of 5,000 SF of office space and 3,000 SF or flex space, and currently features six private offices, as well as two bathrooms, one full kitchen, one kitchenette, one large conference room, a changing room complete with a shower, and a versatile open space which can be used for many different purposes.

This building features an entrance for the retail space, along with a dedicated second entrance leading to the office space above. There is an off-street parking lot with 17 parking spaces, which is rare for a property located on Main Street in Wakefield. The site is in a fantastic location, directly opposite the Greenwood commuter rail station. The area has numerous other shops, restaurants and services located within walking distance.

The current owners of the property will remain a tenant at this location for up to 12 months post closing, but are willing and able to vacate with 90 days notice at the buyers request, resulting in an investment opportunity with strong day one cashflow that gives a buyer flexibility and ample time to re-tenant the location or modify for their own use.

Investment Highlights

  • Exceptionally well-maintained retail, office flex space priced below replacement cost
  • Located directly opposite the Greenwood commuter rail station
  • Mixed-use property with wide variety of potential uses
  • Separate entrances for office & retail spaces
  • Numerous shops, restaurants and services within walking distance
  • Densely populated area, with more than 328,000 residents within five miles

Exclusively Listed By

Listing Price: $3,975,000

Cap Rate
8.50%
Gross SF
10,000
Rentable SF
5,000
Price/Gross SF
$397.50
Lot Size
1.11 acres

Investment Highlights

  • Exceptionally well-maintained retail, office flex space priced below replacement cost
  • Located directly opposite the Greenwood commuter rail station
  • Mixed-use property with wide variety of potential uses
  • Separate entrances for office & retail spaces
  • Numerous shops, restaurants and services within walking distance
  • Densely populated area, with more than 328,000 residents within five miles

Investment Overview

Marcus & Millichap is proud to present the subject property located at 910 Main Street, Wakefield Massachusetts. The property is a unique mixed-use asset which is currently owner-occupied with retail, warehouse and office space. This flex space property is currently used as a showroom for Sigma Pros, a high-end commercial and residential design firm, with office space on the second floor. The property is a 16,000 SF freestanding building, with the first floor consisting of two sections, comprised of 5,000 SF of retail space and 3,000 SF of space that can be used for showroom or warehouse applications. The first floor includes two bathrooms, an office, a utility room, storage space and a freight elevator. The second floor consists of 5,000 SF of office space and 3,000 SF or flex space, and currently features six private offices, as well as two bathrooms, one full kitchen, one kitchenette, one large conference room, a changing room complete with a shower, and a versatile open space which can be used for many different purposes.

This building features an entrance for the retail space, along with a dedicated second entrance leading to the office space above. There is an off-street parking lot with 17 parking spaces, which is rare for a property located on Main Street in Wakefield. The site is in a fantastic location, directly opposite the Greenwood commuter rail station. The area has numerous other shops, restaurants and services located within walking distance.

The current owners of the property will remain a tenant at this location for up to 12 months post closing, but are willing and able to vacate with 90 days notice at the buyers request, resulting in an investment opportunity with strong day one cashflow that gives a buyer flexibility and ample time to re-tenant the location or modify for their own use.

Exclusively Listed By

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