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Tremendous opportunity to own this versatile mixed- use building in downtown Wakefield. First floor vacant office is almost 2900 sf and is currently set up as a doctor's office with reception area and waiting rooms and office area. On the second floor there are 2 large 1- bedroom 1 bath residential apartments fully rented. This building has unlimited potential for medical, professional office or a multitude of commercial business and retail uses. The building/property can also be converted to 5 residential apartments or condos which is allowed under CD zoning. If you increase units to 6 to 12 unit's you will have to factor in a percentage of the rental's 25% affordable rents or affordable housing. A huge plus is the availability of parking with 18 spaces in its parking lot as well as street parking in front on Main Street.

Property Details of 116 Main Street, Downtown Wakefield

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Listed by John Krekorian of RE/MAX FLAGSHIP,INC.

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