Mixed use building in a highly visible location with excellent off-street parking. The first floor consists of 4 private offices a conference room with kitchenette, two half baths, a reception and bullpen area. Currently used as office space, but adaptable to many businesses with subdivision possibilities. The 2nd floor has three spacious one-bedroom apartments. The rents are well below market at $1,200 Taw #1, $1,700 #2 lease and $ 1,500 #3 Taw. This is a great opportunity to run your business with parking while collecting rental income in a highly visible location. Some expenses include Snow removal $3,450, Insurance $2,661.99, Heat $4,867.09. Water $1,655.59

Property Details

Price:
$1,499,900
MLS #:
73222031
Status:
Active Under Contract
Beds:
0
Baths:
5
Address:
442 Water St
Type:
Commercial
City:
Wakefield
Listed Date:
Apr 10, 2024
State:
MA
Finished Sq Ft:
5,698
ZIP:
01880
Lot Size:
19,027 sqft / 0.44 acres (approx)
Year Built:
1950

Schools

Interior

Exterior

Parking Spots
18

Financial

Buyer Agent Compensation
2.0%
Tax Year
2024
Taxes
$16,085

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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442 Water St
Wakefield, MA