Medway, MA Commercial Real Estate for Sale and Lease

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What to Expect

Situated in Norfolk County about 45 miles southwest of Boston, this bustling town of approximately 13,000 has plenty to offer in terms of commercial real estate. Around town, office space, industrial space and retail space is usually available for lease or for purchase. Whether you're a business owner or a property investor, you'll find what you need right away with our help.

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With 11.5 square miles of land in Norfolk County, this town of 12,752 has a relatively modest density for the area. Only 27 miles from Boston and 28 miles from Providence, Rhode Island, this city is ideally positioned for tremendous future development. It has a thriving downtown and large areas of undeveloped land within close distance of the city. Much of the downtown is clustered around the Charles River, which once served as the impetus for the town’s founding and principal industry.

Public green space and recreation areas include the neighboring Charles River Reservoir, as well as the Friends of Choate Park, Idylbrook Park, and Hopping Brook. Hanson Field has been used as a practice and gaming area for visiting sports teams. In terms of accessibility, the area can be reached by car via Route 126, Route 109, and Interstate 495. Although they provided service in the 1960s, the MBTA Commuter Rail line no longer goes through town.

Commercial parcels of land in this area are usually highly adaptable to different retail, office, or mixed-use purposes. Developers will enjoy the freedom they have in creating profitable new projects, such as with the lot at 18 Alder Street Trotter Drive. This 0.94 acre parcel is zoned for commercial and industrial purposes, making it ideal for a developer who wants to create a mixed-use project. Close to Interstate 495, this parcel has a sale list price of $219,900. The parcel at 72 Main Street has 3.31 acres of available land right off Route 109. This lot is located close to a shopping complex, and is zoned for a new 3,500 square foot commercial building. With a shovel ready status, this parcel has a sale list price of $550,000.

The lot at 31 Alder Street has 11.31 acres of available commercially zoned land within close distance of Interstate 495. This large lot size, in combination with a fairly accepting zoning designation, makes it a perfect purchase for a forward-thinking developer who wants to take advantage of a growing commercial corridor. The sale price for this property has not been disclosed.

Office Space Market

Freestanding offices are a frequent sight in this area, as are the occasional multi-story complexes located close to downtown. The property at 81 Main Street has a paved parking lot and entryway from the street for the two-story structure. This recently renovated building has seven office spaces, a conference room, a kitchen, and a ground floor retail space that is currently occupied by a bank. Built in 1985, the structure has a total leasable area of 3,564 square feet; the office suite is 2,800 square feet in size. Located 5.8 miles from the nearest MBTA Commuter Rail line, this property has an estimated rent of $1.00 per square foot per month.

The multi-story office complex at 169 Main Street has a roomy floor plan located in a prime downtown location, only minutes from Friends of Choate Park. With 3,917 square feet of total leasable space, the tan clapboard building's entryway opens up onto the sidewalk, and features brightly painted interiors with custom carpeting and beautiful large windows. The building recently put up four private offices for lease, two of which were on the first floor, and two of which were located on the second floor. The estimated rent for this property has not been disclosed.

The low-slung property at 83 Main Street has a red exterior with storm gutters, a brick chimney, and steps leading to the front entryway. Located off Route 109 in the center of downtown, the 2,348 square foot space features hardwood floors, a kitchen, a full bath, and an outdoor porch. Built in 1962, the space is ideal for a small to medium sized office seeking a charming structure on a beautifully landscaped lot. The sale list price for this property is $449,900.

Retail Space Market

The market for retail spaces is divided between historic buildings downtown and complexes located further in the country. The property at 125 Village Street is located in the center of downtown, and has a total leasable area of 7,800 square feet. With street frontage and a sidewalk located directly in front of the property, this solid white building presents an ideal opportunity for a medium sized retailer to open up shop in one of the densest districts in the area. The rent for this property has not been disclosed.

Taking the form of a retail complex with ample parking and columned walkways in front of each storefront, the property at 92-116 Main Street offers visitors the opportunity to lease a large, clean suite next to other prominent businesses. With 67,650 square feet of total leasable area, the complex has signage that can be seen by passing motorists. Located off Route 109, the structure was built in 1988 and has a variety of suites available for lease, ranging in size from 1,275 square feet to 2,273 square feet. The estimated rent for this property is $1.08 per square foot per month.

While the property at 4 Marc Road has a flexible zoning, it offers one of the best opportunities to purchase prime commercial space off Route 109. Sited on a 6.68 acre lot, the 28,800 square foot building features a single story structure that has an adaptable floor plan depending on a particular owner’s needs. The building is air conditioned, making it suitable for general retail purposes, and features tailboard loading options. Built in 1986, the brick exterior has a collonade that features landscaping next to the large front windows. The ample front lawn leads into a beautifully forested area. The sale price for this property is $2,100,000.

The flexibly zoned property at 10 Trotter Drive sits on a lot of 22.61 acres, making it an attractive potential investment for a commercially-motivated developer. The 120,000 square foot building on the lot was built in 1983, and features a central courtyard with picnic tables and manicured hedges. The vast amount of space makes this property ideal for a big box tenant, or a rapidly expanding business. The ceilings are between 15 and 18 feet high, and the property has three dock-high loading doors, as well as two drive-in/grade level doors. The property was renovated in 2014 and has a high-end furniture option for an interested buyer. The sale price for this property has not been listed.

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