Wayland, MA Commercial Real Estate for Sale and Lease

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What to Expect

This vibrant Middlesex County town has a population of around 13,400 and is located roughly 19 miles west of Boston. Its commercial real estate offerings are fairly diverse, and you'll find office, retail and industrial space for sale and for lease throughout the area. Our search feature makes short work of finding what you need.

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Known for landmarks like the Wayland Free Public Library, this town originally started as a farming community. Residents and investors alike come to this town because of its safety. For two years in a row, this tranquil suburb was named the safest town in the Bay State.

The housing stock in the area includes a number of historic buildings and homes. A number of the homes were built in the Colonial Revival style that was popular in the late 1800s and early 1900s. Many of the properties are single-family homes, although investors have transformed some of the larger properties into multi-family rentals.

While the town's prices are less than similar suburbs, residents will still pay a median price of $659,600 for a home. In the last year, the median home has risen 6.1 percent in value. Compared to areas like Weston and Wellesley, this price is surprisingly inexpensive. Investors can expect to pay $600,000 to $700,000 for a typical 2,000- to 2,500-square-foot home.

When it comes to the tourism industry, the area really has something for everyone. Visitors come to the town for cross-country skiing, soccer games and recreational programs. In the summertime, tourists flock to the area for sailing, swimming, kayaking and sunbathing at the Wayland Town Beach. In addition, tourists visit the town to enjoy the trails and programs at the land trust managed by the Sudbury Valley Trustees. The town is also home to the Great Meadows National Wildlife Refuge. Meanwhile, golfers visit the town for the Wayland Country Club and the Sandy Burr Country Club.

Boasting of a Colonial character and quiet streets, this town is known for a blend of rural and suburban amenities. Because of its quaint ambiance, this area has experienced rising real estate prices in the last few years. With property values only expected to grow, investors can expect better prices if they buy sooner rather than later. Commuters are especially fond of the area because it is within striking distance of Worcester and Boston. It is only 29 miles from Worcester and 19.3 miles from Boston.

Office Space Market

Many of the office spaces in the town are focused around Boston Post Road and Main Street. One of these complexes can be found at 30 Boston Post Road. This office building includes small suites that are around 400 to 500 square feet in size. Renters can expect to pay an annual rent of $17.33 per square foot.

Another option can be found at 526 Boston Post Road. Boasting of competitive rental rates, this property is only 20 miles west of Boston. The building is conveniently close to Route 129, Route 2, Route 395 and the Massachusetts Turnpike. Owned by a local team, it offers below market rent. Renters can select from flexible floor plans and enjoy ample parking.

At 35 Main Street, investors can find a heavy commuter location. Improvements and a parking renovation just took place at the center. Located next to the 110 Grill and Rite Aid, this rental is just 600 square feet in size. Built in 1986, it is close to Route 30 and Route 27.

For a modern property, renters can check out 321 Commonwealth Road. Originally constructed in 1975, it has been regularly renovated over the years. Currently, there are two spaces available. Both of these offices are placed on the second floor. Renters can select from the 1,465-square-foot office and the 3,002-square-foot office. Amenities at the 57,407-square-foot building include a daycare, on-site management, an atrium, showers and a restaurant. The property is located just a short distance away from Route 128 and the Massachusetts Turnpike.

Retail Space Market

For a retail space, investors can check out 70 Boston Post Road. Right now, the building has a retail shop available that spans 1,800 square feet. It is available for an annual rent of $14 per square foot.

Another option can be found at 297 Boston Post Road. The entire complex spans 31,677 square feet. Currently, there are four spaces available. These range from 1,500 to 2,431 square feet in size. Known as the Wayland Village, this shopping center is bookended by a CVS and the post office. Surrounded by retail and commercial properties, this retail space enjoys a desirable location and a lot of foot traffic. Businesses near the Wayland Village include Boston Sports Club, Stop and Shop, Panera, The Local and Bertucci's.

For a professional office or retail space, check out 25 Main Street. Originally built in 1968, this building has been regularly updated and renovated over the years to create a thoroughly modern look. Boasting of attentive management through the on-site property manager, this complex has two spaces available for rent.

Real Estate News

A new site may be redeveloped along Route 20. Before the new deal, the site was used as a municipal septage facility. Now, the site will soon be the home of the River's Edge. This new development will include 188 apartments. An estimated 25 percent of the units will be designated as affordable. In addition, 25 percent of the development must be geared toward older residents through age-restricted housing. The 8.24-acre project will start with demolishing the former facility before adding new water and wastewater systems for the future complex.

Another new project will be for a building at 24 School Street. Windsor Place is looking to develop 12 townhouse units. Like many other new projects, at least 25 percent of the townhouses will be restricted as affordable. This project was designed by Davis Square Architects and is currently making its way through the permitting and zoning process.

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