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45 Albion St 3,420 SF Office Building Wakefield, MA 01880 $1,795,000 ($524.85/SF)
INVESTMENT HIGHLIGHTS
- Virtually turn key office building with rare off street parking in close proximity to commuter rail and downtown proper
EXECUTIVE SUMMARY
Virtually turn key office building in the Albion St., Wakefield Business district. Close proximity to downtown and commuter rail. 45 Albion St., has been completely renovated with new 2nd floor addition in 2024. New Hardie board siding, PVC trim, windows, roof, trex decking, plumbing, wiring, mini splits, life proof vinyl floors throughout and motion controlled security lighting. The 1,500 S/F 1st floor consists of 2 story open concept entry foyer with winding staircase, reception area, 5 offices, 2 lavs, 1 with exclusive office access. The 1,200 S/F 2nd flr has 4 offices, 2 lavs including 1 executive corner office w/ private lav and 22 foot open air open porch. The lower level is finished with a 25X14, conference room/kitchenette, office and utility room. Additionally, there is an outside employee patio and seating area. This building is ideally suited for a single use tenant but could fairy easily be morphed in a multi use tenant situation. Off-street parking for 14 cars.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,420 SF
Building Class
C
Year Built
1900
Price
$1,795,000
Price Per SF
$524.85
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,710 SF
Building FAR
0.57
Lot Size
0.14 AC
Zoning
B - Business zoned - Wakefield Albion Street business district
Parking
13 Spaces (3.8 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | WAKE-000012-000147-000149 | Improvements Assessment | $412,400 |
| Land Assessment | $284,300 | Total Assessment | $696,700 |
PROPERTY TAXES
Parcel Number
WAKE-000012-000147-000149
Land Assessment
$284,300
Improvements Assessment
$412,400
Total Assessment
$696,700
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45 Albion St
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