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393-395 Massachusetts Ave 6,372 SF 100% Leased Office Building Arlington, MA 02474 $1,950,000 ($306.03/SF) 6.39% Cap Rate



INVESTMENT HIGHLIGHTS
- Massachusetts Avenue is Arlington’s primary commercial corridor.
- Arlington’s blend of stability, walkability, demand, and high-income demographics positions it as one of Greater Boston’s premier markets.
EXECUTIVE SUMMARY
CastleArch Property Advisors is pleased to present a rare opportunity to acquire the iconic “Wayside Inn” at 393–395 Massachusetts Ave. in the Broadway Historic District of Arlington, MA. Built pre-1750 and listed on the National Register of Historic Places, this beautifully preserved and diligently updated landmark is the only remaining half-house of its Georgianera style in Arlington. Long believed to have served as a stagecoach stop, and containing a fresh-water well in the basement, the property retains its historic charm while offering exceptional modern versatility. Ideally situated just steps from Arlington Center’s boutiques, restaurants, and coffee shops, and within easy reach of the Minuteman Bike Trail, MBTA bus routes, Spy Pond, and the Cambridge line, this amenity-rich location provides unmatched convenience for both business and residential use. The 6,372 SF building features a classic clapboard exterior with an intact historic façade and offers eight (8) office suites in total. The main level includes flexible commercial or office space well suited for studio or professional use, while the upper floors feature additional office suites and a one-bedroom apartment. With excellent street visibility, off-street parking, and proximity to transit and neighborhood amenities, the property accommodates a wide range of investment or end-user possibilities. Whether you’re looking to invest, establish a business, or create a one-of-a-kind space within a historic setting, 393–395 Massachusetts Ave. delivers timeless character, a prime location, and remarkable flexibility.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
6,372 SF
Building Class
C
Year Built
1789
Price
$1,950,000
Price Per SF
$306.03
Cap Rate
6.39%
NOI
$124,651
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,419 SF
Building FAR
0.73
Lot Size
0.20 AC
Zoning
B3
AMENITIES
- Secure Storage
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | ARLI-000032-000002-000022 | Improvements Assessment | $304,600 |
| Land Assessment | $952,800 | Total Assessment | $1,257,400 |
PROPERTY TAXES
Parcel Number
ARLI-000032-000002-000022
Land Assessment
$952,800
Improvements Assessment
$304,600
Total Assessment
$1,257,400
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393-395 Massachusetts Ave
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