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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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414-416 Main St , Wakefield, MA 01880
$5,500,000
Est. Payment: $12,222.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 149
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AN9610 - TM355050
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House 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.

Highlights

Listed by McCaul & Mounsif Real Estate Group , 781-530-0753 McCaul & Mounsif Real Estate Group LLC , 781-530-0753.

Property Type

Commercial Sale

Lot/Acreage
0.29

Year Built

1900

County

Middlesex

Listing ID

73504805

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Roof:Rubber
Principal Interest
$12,222
Taxes
$7,091

Home Price

$5,500,000

Loan Details

30 yrs
%

Down Payment

20%
$1,100,000
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Monthly Price:
$12,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,222.22 $7,090.83 $0.00 $19,313.06
Yearly $146,666.67 $85,090.00 $0.00 $231,756.67
Total $4,400,000.00 $2,552,700.00 $0.00 $6,952,700.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wakefield, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.