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High-Visibility Commercial Property For Sale 329-331 Washington Street, woburn, MA

The commerical real estate market just north of Boston has remained fundamentally strong throughout this first half of 2019. We're now into Q3 of 2019 and the Federal Reserve is holding interest rates steady and projects no additional rate hikes for the remainder of 2019. (Reuters)

What does this mean for commercial property investors?

Opportunity.

329-331 Washington Street, Woburn, Massachusetts

FOR SALE

July 2019

The 9,288 +/- square foot office building known as 329-331 Washington Street, Woburn, Massachusetts is for sale for $3,200,000.

This two-story, commercial building sits on 0.51 acres with frontage on Washington Street - ideal for businesses who have worked visibility and traffic volume into their strategic plan.

Three existing, second floor tenants currently contribute to an annual rental income of approximately $66,000. The first floor will be available to owner-occupy or lease.

Would you like to learn more?

High Traffic Location

329-331 Washington is an ideal location for businesses seeking visibility. It is located in one of Woburn's most concentrated business districts, surrounded by office buildings, retail establishments, and restaurants.

Take a video tour here: https://youtu.be/JtkyjrrjETw

The most recent traffic count on Washington Street was reported being 48,628 vehicles (2018). Frontage on this main roadway means visibility, accessibility, and a location that has the potential to drive business.

Would your business benefit from this volume of traffic?

Office Space

This 2-story, brick building is made up of 9,288 +/- square feet, equally divided between two floors.

Three tenants enjoy clean, modern, second-floor office suites filled with lots of natural light.

The current building owner operates a successful computer services business from the first floor. The space is sub-divided into offices, manufacturing, and sales, yet has the potential to be a large open space. Upon the sale, this 4,644 +/- sf first-floor space will be available to occupy or lease by a new owner.

Potential Uses

According to the City of Woburn Table of Use Regulations, some potential uses for this Office Park (O-P) zone include financial institutions, ATM, medical and dental offices, business services, trade school, recreational facility, restaurant, general office, childcare, restaurant, and fast food by special permit.

Refer to the City's online Table of Use Regulations (Section 5.1) for a complete list.

Specifications

Parking

329-331 Washington has approximately 30 parking spaces.

Area Amenities

Conveniently located less than 0.5 miles from the Route 128/95 & 93 interchange, Washington Street is a highly-travelled, main road leading from Woburn to Winchester, Reading, and to Boston and Logan Airport via Route 93.

Local amenities within 0.3 miles include restaurants, financial institutions, coffee shops, professional services, retail stores, car dealerships, gas stations, and more.

Schedule a Tour

Edward Carbone, CCIM

Edward@CarboneRE.com

Vicki Carbone-Blazejowski

Vicki@CarboneRE.com

Carbone Commercial Real Estate, Inc.

Office 781-935-5444

CarboneRE.com

Credits:

Vicki Blazejowski / Carbone Commercial Real Estate, Inc.