414-416 Main St, Wakefield, MA 01880
414-416 Main St, Wakefield, MA 01880
414-416 Main St, Wakefield, MA 01880
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$5,500,000
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0.29 Acres Lot
Price Dropped by $400K

414-416 Main St Wakefield, MA 01880

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Molly Smith

Molly Smith

+1(508) 980-9042

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73504805

HOA Y/N false

Year Built 1900

Annual Tax Amount $85,090

Tax Year 2025

Lot Size 0.290 Acres

Acres 0.29

Property Description

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

State MA

County Middlesex

Zoning B

Direction The Wakefield Building

Exterior

Utilities Available Public Water, Public Sewer

Roof Type Rubber

Others

Senior Community false

Virtual Tour https://www.wakefieldbuilding.com

Listed by McCaul & Mounsif Real Estate Group LLC

NEARBY SCHOOL & BUSINESS

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Molly Smith

Molly Smith

Agent

+1(508) 980-9042

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414-416 Main St

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