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Downtown Woburn Commercial Property For Sale 20 Union Street, woburn, ma

On September 26, 2018, the U.S. Federal Reserve increased its benchmark interest rate by 0.25% to a range of 2.00% to 2.25%. This increase reflects the ongoing confidence in the U.S. economy. The U.S. central bank still foresees another rate hike in December, three more next year, and one increase in 2020 and predicts that the US economy will see at least three more years of growth. (source: Reuters)

What could this mean for commercial property owners?

Continued investment and growth opportunities.

20 Union Street, Woburn, Massachusetts

FOR SALE

The 9,535 +/- square foot lot known as 20 Union Street in Woburn, Massachusetts is currently for sale for $925,000.

This commercial property consists of three contiguous parcels conveniently located in downtown Woburn just off Main Street.

On one of the parcels you will find a 3,200 +/- square foot garage.

Would you like to learn more?

Garage

The property is home to a 3,200 +/- square foot masonry garage that has both a front and a rear drive-in door. The rear drive-in door is 14'H x 19'W.

The garage has 200 amp electric service and 1 restroom. There is gas utility to the building but no heater. Municipal water and sewer.

The gravel parking area offers on-site daytime parking. A newly-constructed municipal public lot is also close by at the corner of Union & Main Streets. Outside overnight parking of commercial vehicles may be allowed by special permit per City of Woburn Zoning.

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Zoning & Assessment

The parcel known as 20 Union Street is in Woburn's B-D (business-downtown) zone. It is made up of the three property parcels highlighted on the map shown: 20 Union Street (Mblu 51-06-05); Campbell Street (Mblu 43-21-06); and Campbell Street (Mblu 43-21-07).

The property has frontage on both Union Street (45 feet) and Campbell Street (62 feet). Measurements are per the City of Woburn's Engineering Department.

Opportunity

According to the City of Woburn zoning by-laws there may be opportunity for the following at this property:

Section 5.1 Table of Use Regulations:

  • Dwelling units above first story in commercial structure allowed by special permit
  • Private membership club allowed
  • Retail establishment: Less than 5,000 sf gross floor area allowed
  • Personal service estabishment, including but not limited to barber and beauty shop, shoe repair, retail dry cleaning, self service laundromat allowed
  • Financial Institution allowed
  • Business service and business sales establishment allowed
  • Restaurant, Full-Service allowed
  • Restaurant, Fast Food allowed by special permit
  • Business, professional and general office: Under 15,000 sf gfa allowed
  • Veterinarian offices allowed
  • Medical and dental offices allowed

Section 6.0 Dimensional Regulations:

  • Business Downtown Zone
  • Lot Size Minimum = none
  • Lot Width Minimum = 40 feet
  • Street Frontage Minimum = 50 feet
  • Front yard setback --
  • Side yard setback --
  • Rear yard setback 0
  • Landscaped useable open space = 0
  • Height Feet (note 1) = 35 feet (note 3)
  • Height stories (note 1) = 3
  • Building ground coverage = 100%
  • Floor area ratio --

Location

Conveniently located at the intersections of Routes 93 and 128/95, Woburn is an ideal location for access to some of Massachusetts most active business districts, including downtown Boston, Logan Airport, Route 93, and the Route 128/95 business belt.

Twenty Union Street is situated in Woburn's downtown area, just off Main Street and close to Woburn's center common - the city's hub.

Local amenities within 0.2 miles include post office, restaurants, Careway wellness store, dance school, insurance services, bakery, hair and nail beauty salons, convenient store, drug store, music store and many other personal service businesses.

For More Information

For more information or to schedule a tour, contact:

Edward Carbone, CCIM

Carbone Commercial Real Estate, Inc.

Office 781-935-5444

Edward@CarboneRE.com

CarboneRE.com

Credits:

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