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Turnkey Bank Near Boston & Worcester 818 Washington St Vacant Retail Building Online Auction Sale Holliston, MA 01746
Matterport 3D Tour
Investment Highlights
- Positioned at a prominent intersection in Holliston, the former Sovereign Bank is a premier opportunity for investors and owner/users.
- Equipped with many impressive features, including a three-lane drive-thru and plentiful parking for both employees and guests alike.
- Situated in the heart of town near Middlesex Savings Bank, Mobil, Holliston Jewelers, Holliston Grill, Dream Breakfast & Lunch, and many more.
- High-visibility location at the crossroads of Exchange Street and Washington Street, which sees lofty traffic counts of over 19,000 vehicles per day.
- Broad on-site zoning allows for many options going forward, including small-scale retailers and servicers aimed at maintaining the historic character.
- Holliston boasts top-notch demographics with a population on the rise and average household incomes of $179,199 within 2 miles.
Executive Summary
818 Washington Street allows buyers to secure a high-quality, adaptable property in a growing, prosperous community.
This former Sovereign Bank property offers investors a prime opportunity in the center of Holliston, Massachusetts. Built in 1956 and carefully maintained, 818 Washington Street combines classic historic design with modern features, making it a standout investment. The façade, with its large windows and traditional brickwork, increases both curb appeal and durability. The property includes 3,344 square feet over two stories on a 0.3-acre lot, with excellent frontage and signage for visibility. There are 24 parking spaces, making it easy for employees and guests to access. The property comes equipped with three drive-thru lanes, ideal for future users. Flexible Village Commercial zoning allows for a variety of retail and service uses, while preserving the unique character of Downtown Holliston. Investors can either lease the space for steady income or use it for their own business, customizing it as needed.
Strategically positioned on Route 16 (Washington Street), 818 Washington Street offers unparalleled visibility and presence for retail or office users. Set in the heart of Holliston, Massachusetts, an esteemed, affluent community in Middlesex County, this location combines small-town charm with robust economic appeal. Renowned for its attractive lifestyle, Holliston sits just 23 to 30 miles southwest of Boston, providing convenient access to both the city and neighboring centers like Worcester. The property is surrounded by thriving towns such as Hopkinton, Sherborn, and Medway, further enhancing its regional draw. With a picturesque downtown and a diverse mix of popular retailers and restaurants, including Fiske’s General Store, Holliston Superette, Central Café, and more, this area consistently attracts strong consumer traffic, making it a premier investment opportunity for those seeking long-term growth and stability.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This former Sovereign Bank property offers investors a prime opportunity in the center of Holliston, Massachusetts. Built in 1956 and carefully maintained, 818 Washington Street combines classic historic design with modern features, making it a standout investment. The façade, with its large windows and traditional brickwork, increases both curb appeal and durability. The property includes 3,344 square feet over two stories on a 0.3-acre lot, with excellent frontage and signage for visibility. There are 24 parking spaces, making it easy for employees and guests to access. The property comes equipped with three drive-thru lanes, ideal for future users. Flexible Village Commercial zoning allows for a variety of retail and service uses, while preserving the unique character of Downtown Holliston. Investors can either lease the space for steady income or use it for their own business, customizing it as needed.
Strategically positioned on Route 16 (Washington Street), 818 Washington Street offers unparalleled visibility and presence for retail or office users. Set in the heart of Holliston, Massachusetts, an esteemed, affluent community in Middlesex County, this location combines small-town charm with robust economic appeal. Renowned for its attractive lifestyle, Holliston sits just 23 to 30 miles southwest of Boston, providing convenient access to both the city and neighboring centers like Worcester. The property is surrounded by thriving towns such as Hopkinton, Sherborn, and Medway, further enhancing its regional draw. With a picturesque downtown and a diverse mix of popular retailers and restaurants, including Fiske’s General Store, Holliston Superette, Central Café, and more, this area consistently attracts strong consumer traffic, making it a premier investment opportunity for those seeking long-term growth and stability.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Data Room Click Here to Access
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Class
C
Year Built
1956
Tenancy
Single
Building Height
2 Stories
Lot Size
0.30 AC
Parcel Number
HOLL-000008F-000001-000680
Zoning
36
Parking
24 Spaces (7.17 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,701 SF
- Office/Retail
- Outparcel
- Now
- 2nd Floor
- 1,643 SF
- Office/Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,701 SF | Office/Retail | Outparcel | Now |
| 2nd Floor | 1,643 SF | Office/Retail | Outparcel | Now |
1st Floor
| Size |
| 1,701 SF |
| Space Use |
| Office/Retail |
| Position |
| Outparcel |
| Available |
| Now |
2nd Floor
| Size |
| 1,643 SF |
| Space Use |
| Office/Retail |
| Position |
| Outparcel |
| Available |
| Now |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
3,583
26,869
76,125
2020 Population
3,448
24,000
69,962
2030 Population
3,716
28,226
79,454
2025-2030 Projected Population Growth
3.7%
5.1%
4.4%
Daytime Employees
2,602
6,909
28,877
Total Businesses
380
909
3,304
Average Household Income
$156,909
$182,986
$176,988
Median Household Income
$135,491
$165,152
$155,441
Total Consumer Spending
$57.1M
$443.7M
$1.2B
Median Age
45.7
44.7
43.1
2025 Households
1,336
9,584
27,547
Percent College Degree or Above
35%
35%
31%
Average Home Value
$668,236
$703,339
$701,862
Sale Advisors
Sale Advisors
John Real, Vice President
As a brokerage advisor focused on suburban markets southwest of Boston, John Real has the pleasure of representing both tenants and landlords in their efforts to lease office and industrial space. Since joining Colliers in September of 2017, John has been learning the ins and outs of real estate markets from a team of experienced and highly regarded real estate professionals. He has found that being on a team with such a substantial amount of landlord assignments has given him an advantage in regard to learning the dynamic suburban office and industrial landscape. Prior to joining Colliers, John was a full-time undergraduate student at Boston College, where he majored in Economics. In the summer going into his freshman and sophomore years at BC, John interned at Wallace Capital, a private finance company that provides loans and joint venture equity to real estate investors and developers. John was then fortunate to intern for the following two summers at Northbridge Partners, a Boston-based firm focused on real estate investments throughout the Northeast Region. It was at Wallace Capital and Northbridge Partners where he truly developed his passion for real estate, and he's extremely thankful that he can continue to develop his real estate career at an established firm like Colliers.
Stephen Woelfel, Executive Vice President
As a senior leader and real estate advisor on the Southwest team, Stephen Woelfel represents a diverse group of office, flex, and manufacturing/industrial tenants and landlords, striving to craft the best solutions for their business, real estate, and overall economic needs. Born and raised in Norwood, Stephen truly enjoys seeing the evolution of the markets where he grew up and witnessing the constant reinvention of buildings and the emergence of new companies. Prior to joining Colliers in 2014, he spent seven years at Cushman and Wakefield, focusing on the Metrowest market and its dynamic product and tenant mix. That experience afforded Stephen the opportunity to fully immerse himself in a territory and build a strong foundation of market knowledge. Now, continuing in that same territory, he can leverage his expertise to offer his clients the highest level of service. Stephen appreciates the continuous opportunities to work with great team members, both within Colliers as well as with his clients’ organizations. Away from the office, Stephen has a love for golf and spending time with his family. He is highly committed to his position on the board of JB’s Keys to DMD, an organization focused on unlocking the doors to awareness, quality care, treatments, and research for Duchenne Muscular Dystrophy.
Kevin Brawley, Executive Vice President
As a brokerage advisor focused on the suburban markets southwest of Boston, I diligently represent both landlords and tenants in their endeavors to lease office and/or industrial space. I enjoy problem solving and have translated that skill – along with my hard work ethic and overall ambition – into defining qualities that make me a better advisor to my clients.
Prior to joining Colliers, I worked in advertising for the Tampa Bay Lightning and then as a residential buyer’s agent with Jebb & Driggin Realty. Though seemingly different roles, the two experiences both afforded me great opportunities to challenge myself, resulting in a broadened scope of my overall business and service expertise. At Jebb & Driggin, I advised clients through the home buying process, which offered many similarities to the tenant representation model I now implement at the commercial level.
With ever-changing market conditions, I appreciate my regular interaction with my immediate Southwest team as well as my other Colliers International colleagues, all of whom make me a more well-rounded, knowledgeable advisor. An encouraging atmosphere with motivated individuals appealed to me from the start at Colliers and remains one of the most satisfying parts of my job, second only to seeing the tangible results of my work with clients unfold. With continued success and engaging relationships, I remain hungry and motivated, ready to creatively solve the next problem that comes my way.
Prior to joining Colliers, I worked in advertising for the Tampa Bay Lightning and then as a residential buyer’s agent with Jebb & Driggin Realty. Though seemingly different roles, the two experiences both afforded me great opportunities to challenge myself, resulting in a broadened scope of my overall business and service expertise. At Jebb & Driggin, I advised clients through the home buying process, which offered many similarities to the tenant representation model I now implement at the commercial level.
With ever-changing market conditions, I appreciate my regular interaction with my immediate Southwest team as well as my other Colliers International colleagues, all of whom make me a more well-rounded, knowledgeable advisor. An encouraging atmosphere with motivated individuals appealed to me from the start at Colliers and remains one of the most satisfying parts of my job, second only to seeing the tangible results of my work with clients unfold. With continued success and engaging relationships, I remain hungry and motivated, ready to creatively solve the next problem that comes my way.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Marlo Lashley
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 423761-RE-LC
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POWER BROKER John Real -
POWER BROKER Stephen Woelfel -
POWER BROKER Kevin Brawley -
Colliers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Turnkey Bank Near Boston & Worcester | 818 Washington St
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