aisellshomes.space

$5,900,000

Active

414-416 Main St

Wakefield, MA, 01880

Commercial · MLS #73504805

Days on market

New today

Lot size

0.29 ac

0.29 acres

Lot

About this home

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.

Location

414-416 Main St, Wakefield, MA, 01880

Property details

Parking
Common, Off Site

Listed by McCaul & Mounsif Real Estate Group · McCaul & Mounsif Real Estate Group LLC

Schedule a showing

414-416 Main St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$38,192 / month

Down payment20% · $1,180,000
Interest rate6.50%

Loan term

Principal & interest
$29,834
Property tax
$5,900
Home insurance
$2,458

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).