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Sudbury, MA Commercial Real Estate for Sale and Lease

The fastest way to find commercial real estate in Sudbury, MA, is by connecting with Boston City Properties. That's because we maintain a vast, constantly updated database of Massachusetts real estate listings, so you can quickly find suitable options. What's more is that we have experienced real estate agents in the area who can assist you further when the time comes.

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What to Expect

This bustling Middlesex County town has a population of around 17,700 and is approximately 20 miles west of Boston. You will find office, retail and industrial space for sale and lease around the area and can more easily zero in on what you need by availing yourself of our convenient search feature, which couldn't be easier to use.

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Because of its location in Boston's MetroWest, this town continues to be a popular location for commercial investments. Since the town was originally incorporated in 1639, there are numerous properties like the Wayside Inn that showcase unique architecture. For a historic investment, check out the Sudbury Center Historic District. Originally established in 1800, this section regularly draws tourists and visitors to the area.

Until 2016, Raytheon's defense business was a large employer in the region. Because of the presence of employers like Raytheon and Sperry Rand, the town developed a reputation for having many engineers and high-tech workers. Today, modern industries can still enjoy having a strong base of skilled workers.

Today, the community is still a popular site for investment properties and residential homes. It is conveniently close to Framingham, Hudson, Concord, Acton and Wayland. Since it is placed just 20 lies west of Boston, it is a top investment site for commuters who want city access and a suburban lifestyle.

With the low cost of borrowing and relatively inexpensive prices, investing in the marketplace is a good choice right now. Businesses like to invest in the area because of the educated, skilled workforce. The proximity to Boston make the spot ideal for businesses and commuters. In addition, the many stately Capes and Colonials are appealing to residential investors.

Right now is a good time to invest in the marketplace. For residential properties, the price is expected to advance by 3 percent during the next year. Currently, the town has an average price per square foot of $309. This is significantly higher than the Boston Metro average of $263 and represents the more affluent nature of the homes. The median listing price is currently at $865,000, but the sale price is only $705,000. For investors, this represents a huge potential for buying a house at a below-market price and waiting for it to increase in value.

Within this community, residents can find a number of real estate options. For a long time, the town's bylaws prevented city development. During the 1970s and 1980s, zoning rules kept lots one acre or larger. Because of this, the modern marketplace contains many of the single-family Capes and Colonials that were built during this time. The zoning laws also meant that many of the earlier structures were made by the affluent, so they typically have a larger size and a more luxurious appearance.

In the last year, the median sale price has advanced by $30,000. Last year, the median home sold for $705,000. This year, the median home sold for 4 percent more than last year at a median price of $735,000. The average price per square foot increased from $305 to $309. Right now, the median price for a one-bedroom home is $389,000. A two-bedroom fetched a price of $637,500, and a three-bedroom achieved a median price of $616,749. For a four-bedroom home, residents can expect to pay a median price of $827,000.

Currently, only 3.3 percent of homes in the area have negative equity. This is lower than the 10.4 percent average for the United States. Meanwhile, only 0.7 percent of mortgages were delinquent, which was much lower than the United States average of 1.6 percent. An estimated 8.1 percent of listings have had a price cut, which indicates a huge potential for investors to get a home at a lower price than the home's actual value.

The median home has been on the market for just 63 days. This indicates that home prices may start to rise in the future because shorter sales cycles show an increase in demand for homes. At the start of 2018, there were only 38 homes listed for sale. The median house was 3,383 square feet in size. For sellers, the coming years will most likely offer better prices than right now. Meanwhile, investors and home buyers can expect a favorable market for the upcoming year.

Office Space Market

For historic properties, businesses can find a number of options. The King's Historic District, the Wayside Inn Historic District and the Sudbury Center Historic District are all located partially or completely within the town. In the coming year, investors will also be able to rent office spaces at Meadow Park. Placed on a former Raytheon site, this location will include spaces for retail shops, offices and restaurants.

Some available office spaces can be found at locations like 144 North Road. This property offers high-end finishes, a scenic campus and expansive windows. It is located near Route 2, Interstate 90, Route 117 and Interstate 95. Amenities include free parking, on-site maintenance, snow removal, landscaping and building insurance.

Alternative options can be found at offices like 365 Boston Post Road. Entrepreneurs can find spaces available in 1,000 to 1,500 square feet. The spaces can be used for anything ranging from a fitness center to a retail shop. The office space offers high ceilings, kitchen facilities and hardwood floors. Depending on the units, renters can also enjoy multiple bathrooms.

At 75 Union Avenue, renters will find a total of 18,400 square feet of available space. Built in 1973, the office includes flat-rate utilities and on-site management. Because of its Union Avenue location, the building is close to major roadways, restaurants and stores. Depending on the unit, residents can find small, 500-square-foot offices or four-bedroom suites.

With so many office buildings and retail centers, renters can find the exact office space that they need. The area offers spaces large enough for fitness centers and small enough for one-person enterprises. In addition to offering many spaces for rent, there are also several office buildings available for sale within the area.

Retail Space Market

Retail locations in the area include the Sudbury Crossing, the Mill Village Shopping Center and the Sudbury Plaza. The Mill Village Shopping Center is placed at 365 Boston Post Road. The tenants include restaurants, shops and professional offices. Some of the current retail options include beauty salons, craft beer, international gifts, clothing stores and international cuisine.

Placed at 410 to 437 Boston Post Road, Sudbury Crossing already has a number of retail shops, restaurants and national brands. This high-end center includes tenants like TJ Maxx, Rite Aid, the Paper Store, Pure Barre, Subway and Fitness Together. There are 50 parking spaces at the complex and a daily traffic count of 31,500 cars per day. Currently, the shopping center has a 3,585-square-feet space available that was previously used as a Middle Eastern restaurant.

Meanwhile, Sudbury Plaza can be found at 505 Boston Post Road. This plaza includes anchor tenants like CVS, Shaw's and Impact Functional. Rental spaces range from 396 to 32,230 square feet in size. While these desirable units are rarely available for lease, the lucky renters who get them can enjoy having plenty of parking options, an attentive management team and a desirable location.

Real Estate News

One of the biggest changes in the area is at the Meadow Walk project. This development is taking the place of a former Raytheon property. To make way for the retail space, new landscaping, traffic signals, sidewalks and paving had to be constructed. These changes should be finished in spring 2018.

Meanwhile, the rest of the construction should be finished by 2019.Already, the new space has opened up for Whole Foods. The entrance across from the Shaw Plaza was opened just so that shoppers could access this area. Other retail shops like the Oak Barrel Restaurant will also occupy the 35,000 square feet of retail space. In addition to retail spaces, the property will include 48 assisted living homes, 57 age-limited condos and 250 luxury apartments. The luxury apartments will be owned and managed by Avalon Bay.

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