573 Main St 3,782 SF Office Building Woburn, MA 01801 $1,549,000 ($409.57/SF)
INVESTMENT HIGHLIGHTS
- Former bank branch
- Located and visibility along Route 38/Main Street, Woburn
- 12 Parking space plus 2 additional tandum spaces
- Upper floor modern office space
- Accessible building with elevator
- One Passenger Elevator
EXECUTIVE SUMMARY
Office Building 3,782 +/-sf on 0.29 acres. Former bank branch. 2-Story. 1 Elevator. 12 Parking spaces (plus 2 additional tandem spaces). Located on Route 38/Main Street in Woburn, MA. Zoned: S-1. Upper level unit is modern office space (2 private offices, conference room, break room/kitchen, server room), making it ideal for an owner-user to occupy the entire building or lease a portion for additional income. The lower level was formerly a bank branch with ground level entry into a spacious lobby with 4 teller windows & space for 3 customer service desks, 1 private office, safe, two automatic teller locations (1 interior & 1 exterior)and drive-up tube access, access to common handicap accessible restrooms on the upper level.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$21,043
|
$5.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,043
|
$5.43
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Building Size
3,782 SF
Building Class
B
Year Built
1984
Price
$1,549,000
Price Per SF
$409.57
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,891 SF
Building FAR
0.30
Lot Size
0.29 AC
Zoning
S-I, Woburn - S-1 (Mixed Use)
Parking
14 Spaces (3.7 Spaces per 1,000 SF Leased)
1 of 2
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | WOBU-000043-000005-000011 | Total Assessment | $692,800 |
| Land Assessment | $224,000 | Annual Taxes | $21,043 ($5.56/SF) |
| Improvements Assessment | $468,800 | Tax Year | 2024 |
