$5,900,000
Active414-416 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
Estimated payment
$38,192 / month
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).