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326 Boston Post Rd 5,034 SF 37% Leased Retail Building Wayland, MA 01778 $2,900,000 ($576.08/SF)
Executive Summary
FOR SALE:
A highly visible .95 acre site in Wayland Center currently improved with a 5,034 square foot single story building currently leased to Santander Bank with the initial term of the lease expiring 5/31/29. Santander Bank has closed this location.
This property provides an investor a unique opportunity to purchase a site with income over the next 3 years while a re-tenant or re-development is in process. Potential to negotiate an early termination with the existing tenant.
Zoning is Business A. Allowed uses include retail, medical and day care. Restaurant use allowed by special permit.
The property is located on Boston Post Road / Route 20. This prominent site offers great visibility, two points of access, a dedicated drive-through lane and ample parking.
A highly visible .95 acre site in Wayland Center currently improved with a 5,034 square foot single story building currently leased to Santander Bank with the initial term of the lease expiring 5/31/29. Santander Bank has closed this location.
This property provides an investor a unique opportunity to purchase a site with income over the next 3 years while a re-tenant or re-development is in process. Potential to negotiate an early termination with the existing tenant.
Zoning is Business A. Allowed uses include retail, medical and day care. Restaurant use allowed by special permit.
The property is located on Boston Post Road / Route 20. This prominent site offers great visibility, two points of access, a dedicated drive-through lane and ample parking.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
5,034 SF
Building Class
B
Year Built/Renovated
1972/2018
Price
$2,900,000
Price Per SF
$576.08
Percent Leased
37%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.95 AC
Zoning
Business A - Allowed uses include retail, medical and day care. Restaurant use allowed by special permit.
Parking
20 Spaces (2.49 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Shadow anchored by a high-volume Stop & Shop and Wayland Town Center, a mixed-use development in the affluent community of Wayland
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,150 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 3,150 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 3,150 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Shadow anchored by a high-volume Stop & Shop and Wayland Town Center, a mixed-use development in the affluent community of Wayland
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WAYL-000023-000000-000023 | Improvements Assessment | $958,500 |
| Land Assessment | $507,400 | Total Assessment | $1,465,900 |
Property Taxes
Parcel Number
WAYL-000023-000000-000023
Land Assessment
$507,400
Improvements Assessment
$958,500
Total Assessment
$1,465,900
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326 Boston Post Rd