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.
- Disclosure:
- installed in 2017. Subject to seller finding suitable housing., Taxes include estimated residential exemption if primary residence. Upper level has alway been used as a 3rd primary bedroom - public record states 2 bed. Roofs
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- B
- Orig Price:
- $5,900,000
- Waterfront:
- No
- MlsStatus:
- Price Changed
- City:
- Wakefield
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01880
- Longitude:
- W72° 55' 49.7''
- Latitude:
- N42° 30' 11.2''
Commercial Sale
414-416 Main St, Wakefield, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $5,500,000
- Year Built :
- 1900
- Lot Area :
- 0.29 Acre
- Listing ID :
- 73504805
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com