Arlington, MA Commercial Real Estate for Sale and Lease
Leasing or buying commercial space in Arlington, MA, doesn't have to be difficult. Connect with Boston City Properties for free, instant access to our comprehensive online database of searchable real estate listings to quickly zero in on properties that suit your objectives, budget and needs.
Click Here to View Today's
Commercial Property List
What to Expect
This quaint Middlesex County town is situated about six miles northwest of downtown Boston and has a population of around 43,000. Around town, you'll find retail corridors as well as office parks and industrial districts. Regardless of the kind of commercial space you're seeking, you'll find it more effectively by using our searchable database.
How to Find Commercial Property in Arlington, MA
To find commercial properties in this lovely town, sign up using the form on this page for immediate, free access to Boston City Properties' searchable listings. Input your preferences in the search feature to get the most relevant and useful results. When you're ready, contact us to be connected with a real estate professional who can take you to tour properties.
Sign Up Now
The longer you wait to sign up to search our listings, the likelier it is that the perfect commercial space will slip through your fingers. With that in mind, complete the form here to get started right away. For more information, or to be connected with a local agent for additional assistance, contact Boston City Properties.
Arlington Commercial Investment Properties – Why Invest
This town is diverse and bucolic as it is set just six miles from the northwestern part of Boston bordering Lexington and Somerville. It is preferred by those looking for a quiet life yet it is a cosmopolitan alternative to bustling city life. The town is a mix of simple and lively activities, which is why it is highly sought after by both families and young professionals.
It is just a few minutes away from Boston and is one of the places on the rise these days. The median list price for the properties in this town demonstrates that it is a thriving area in Massachusetts. In 2015, the list price averaged approximately $550,000 and has increased sharply since then. This 2017, it hiked up to $672,775.
Compared to 2016, the average list price increased to almost 45%, although it is largely because of the size of homes at any given time. However, it is also important to remember that the median house size also improved by more than 60%. If you are thinking about buying real estate in the area, there are a few things to think about.
There are more numbers of bigger properties for sale than smaller ones when 2017 opened, but there are still several starter properties for a sound investment. It is essential that you are patient to scour new listings, which typically come out every week.
Listings range from $207,000 to over $1.25 million, which shows how diverse the properties for sale are in this town. For commercial properties, it is not a difficult challenge to search within the area. You can find many available locations, although there may be unattractive ones and the inventory can be quite low depending on the time of the year when you view the listings.
Nevertheless, this town is a seller’s market, and the properties can be too expensive for a starting entrepreneur. Many of the commercial properties may not meet your requirements. However, it is easy to filter out these properties that are not suitable for your business.
Even though this town is a seller’s market and may remain that way for several years, there are some things that buyers can look forward to as they search for a location for their office or retail store. One of the most appealing reasons why you may want to invest in commercial properties in this town is because it remains to be a more affordable choice, particularly when compared to neighboring suburbs, such as Winchester, Belmont, and Lexington.
Additionally, in comparison to the completion such as Belmont and other southern parts for example, the median listing price commonly goes into millions. All in all, this town emerged at least 30% less expensive than other nearby areas. Therefore, if you are willing to take some time and go beyond the asking price just a little bit, this little town is worth exploring for commercial real estate investments.
If you are trying to save money, some of the neighborhoods are more expensive than the others, so it is best to avoid them. For instance, Town Center, Brattle, Mystic Street (Mystic Valley Parkway), Summer Street (Forest Street), And Massachusetts Avenue are considered the costliest areas in this town. You may not want to purchase properties in these places.
However, areas, such as Brattle, Town Center, and Summer Street are among the highest appreciating neighborhoods in this town. Therefore, they can give you great value in case you plan to purchase properties here. Other choices include Webster Street, Mystic Valley Parkway, Broadway, and Massachusetts Avenue.
Arlington MA Office Space for Lease or Sale
The good news for those looking for office space in this town is that there are plenty of choices available. Some are new, while others have been around for several months. Nevertheless, the average age of the office spaces on the market is seven months.
One example of a prime real estate location that is worthy of investing in is this new to the market space in a mixed-use building. It is located between the Town Center and A. Heights. The building was built in 1940 and is indeed one of the most historical constructions in the area. It may be old, but it underwent numerous improvements within the past two years. The capital that was spent for the improvements amounted to $100,000.
This office space is perfect as a cash flow real estate investment because all the units are occupied. It is currently for sale because the owner of the building is planning to retire soon. Additionally, the owner has agreed to provide 80% of the loan to value financing, which will be granted to the qualified buyer. It is evident that the owner of the building is very much eager to sell the place.
Another option that is currently accepting offers is at 5 Water Street whose rental rate is not disclosed to the public. You will have to contact the real estate agent or the landlord to know how much the rent will be. It is an office type of property and was built in 1911. It offers great walkability, but transit is just so-so. Still, you will have a total of 10,769 square feet of rentable building area.
At the moment, there is one space available for rent, which has negotiable pricing depending on the services that you will require, such as furniture. The space offered for offices is 3,500 square feet. It is a sublet space type, and the lease term is until January 2020.
The unit is in a strategic location in town since it offers immediate access to Mystic Valley Parkway, Route 2, and Massachusetts Avenue. The office space is deemed class A with the attractive, professional building right at the heart of the town. Amenities include an atrium, and as for public transportation, you do not have to worry because it gives quick access to commuter rails of Lowell Line (West Medford) and South Acton Line or Fitchburg (Belmont Center). The Logan International Airport is just 10.9 miles away or equivalent to a 20-minute drive.
Meanwhile, if you are interested in buying an office space rather than leasing, there is an office property at 180 Massachusetts Avenue that is up for sale. It is a condo style property that you can purchase if you want to turn it into your business’ office. It can be an investment or for owner user purposes. The building class is classified as C, and it was constructed in 1988 with a lot size of 0.51 acre. The floor size is 7,806 square feet with a parking ratio of 0.6 per 1,000 square feet. The area offers good pathways so commuters can walk around the site and it also has average transit accessibility.
At the moment, there is one unit available at 101-C, which measures 1,280 square feet. The owner asks for $725,000, which is equivalent to $566.41 per square foot. There is one parking space for the buyer, and it is possible that the asking price can be negotiable.
Amenities of this office space include a conference room, two private offices, common restrooms, half bath in the unit itself, and a deeded parking space. There is also an additional shared parking onsite. The unit has an open layout and is located in a highly visible area because it is just right at the heavily trafficked setting in the vibrant Capital Square of the town. It is close to several retail stores and eateries and offers access to transportation to Harvard Square MBTA Red Line Stations, Alewife, Davis, Route I-95 (or Route 128), Route 2, and Porter.
There are other tenants that occupy the other units in the building, such as Leader Bank, which takes 500 square feet of space. Leader Mortgage Company, Inc. takes the biggest space, which is 3,117 square feet, while Wiseman Rachel Psyd has the smallest, which is 200 square feet. Other tenants include La Mirage Hair Skin and Nail Sin and Ventana Systems Inc. There is a property manager on site who is ready to assist the tenants no matter what time of the day it is.
Arlington MA Retail Space for Lease or Sale
As for retail space, this town will definitely not disappoint you. There are some options worth checking including 787-793 Massachusetts Avenue, which is a retail space that is up for sale right now. It costs $950,000, which is a retail storefront in a class C building constructed in 1900. The lot size is 0.07 acres, and the total leasable area is 2,046 with just a single story building.
The retail storefront is in an ideal location in town with over 60 feet of frontage on the high trafficked Massachusetts Avenue. Therefore, you can count on it to have high visibility because of its location. Additionally, it is nearby Library and Town Hall right at the heart of A. Center, which is just a small distance from A. High School.
The retail space is currently a breakfast and bagel eatery. It is zoned B3, which makes it ideal for any kind of commercial venture, especially retail purposes. There are three exterior doors that will take you right into Massachusetts Avenue, and you can also find huge glass display windows, allowing you to showcase your products to your customers.
As for parking, you will not have to worry about the parking space since the building offers ample space for three vehicles in tandem. There are also two bathrooms for disabled persons, along with a basement that has a ceiling height of almost seven feet.
Of course, you can also find retail space for lease in this part of town. Massachusetts Avenue has some of the best options for those looking for mid-priced retail units for rent. For example, there is this 1908 building at 464-478 Massachusetts Avenue that has a rental rate starting at 34.91 per square foot a year. The most expensive unit is only $40.73 per square foot every year.
For this space, the gross leasable area measures 11,360 square feet and is located at a site that is easily accessible through walking. It also offers good transit, which is often beneficial for both the customers and the employees.
The retail storefront currently has two spaces available, including the first-floor site 476 where the lease term is from three to five years. This 476 unit can be leased right away for the qualifying person or business. It is a commercial type of space for retail on Mass Avenue in which the tenant before the vacancy was an eyeglass store, along with some offices.
Amenities include an office basement area, fully carpeted floors, private restrooms, recessed lighting, and more. This particular unit costs only $2,400 per month. Meanwhile, the other available unit is at site 474, which has the same measurement as the first one, which is 825 square feet. It is also rentable immediately and can be leased from three to give years.
The first site is built out originally for professional services, while the second one is more suitable for cafes and restaurants. The tenant before the vacancy of the unit was a frozen yogurt store. There is an unfinished basement that can be used for storage. Among the amenities include private restrooms, underground space, and high ceilings. This unit is slightly more expensive than the first one as this costs $2,800 per month.
These two retail spaces offer heavy foot traffic, especially because there is a busy bicycle path on the junction. There are also restaurants nearby, and you will not have to be concerned about visibility. As mentioned, its location is great for businesses, and there is also a signalized intersection so that customers can find your company right away.
All these traits are necessary for the success of a retail store. The competition is indeed tough these days especially in the town where there are nearby shops all around the area. You want to make sure that your customers will see your business even when they are on the main road or at least know that your shop exists through the use of signage.
Click Here to View Today's
Commercial Property List