Wellesley, MA Commercial Real Estate for Sale and Lease

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What to Expect

This Norfolk County town had a population of around 28,000 in 2010 and is located roughly 17 miles southwest of Boston. Its offerings include office space, retail space, manufacturing space and much more. You can easily find commercial investment properties, businesses for sale and other opportunities by searching our database.

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Commercial Investment Properties

Known for being one of the wealthiest cities in the country, this town is also the home of Wellesley College and Babson College. This affluent, college town is also the site of a campus of the Massachusetts Bay Community College. Because of its many colleges, many of the residents work or go to school at a local university. For real estate investors, this environment means great opportunities for rental units.

Today, the town houses a historic district along Cottage Street and neighboring alleys. These protected buildings were first constructed in the 1860s. While the area might have many historic homes, it also has a number of new developments. A new clubhouse was built in 2008 for the Wellesley Country Club. Meanwhile, a historic inn from the 19th century was removed for a mixed-use development and condominiums. The town has a new high school that replaced the old high school building. The site of the former Linden Street strip-mall is now the location of Linden Square. This shopping mall includes a supermarket, retail shops and restaurants. Investors who want to start a retail company can check out Linden Square for available leases.

This town is an excellent investment site because of its access to public transportation. Rail service through the MBTA uses 17 trains to Boston, Framingham and Worcester. Bus service is also available. Commuters also invest in the area because of the presence of Route 9, Route 135, Interstate 94 and Route 16. In addition, the town is only 18 miles away from the Boston Logan Airport.

Modern investors may also want to buy in the area because of the many green programs in the community. Since 2012, this town has been considered a Green Power Community by the Environmental Protection Agency. Currently, it is the only green community in the state. It operates programs that reduce energy consumption and focus on renewable energy.

While more investors want to buy in the neighborhood, the area only has so much room to grow. Because of the Tree Bylaw, trees in the area have to be protected during construction and replaced if they are cut down. A total of 50 percent of any property must remain an open space. With sustainability programs limiting the lot density, the price of homes in the area will only grow in the coming decade. For investors, this represents a huge potential for buying now at a lower price and profiting on the sale in the future.

While this town may be known for its affluence, beauty and sustainability, it is also the headquarters to a number of corporations. Today, Eagle Investment Systems, Benchmark Senior Living, Wellesley Dental Group, Harvard Pilgrim Health Care, Roche Bros. and Sun Life Financial U.S. operate their headquarters in the area. The top employers in the town are Sun Life Financial, Wellesley College, Babson College and Harvard Pilgrim Health Care.

Office Space Market

For a convenient office space, check out the River Place at 57 River Street. Placed on a bus line, this four-story building offers more than 30,000 square feet of space. Unlike some office buildings, the property management actually offers 24/7 availability for tenants.

At 239 to 245 Washington Street, business owners will find the Wellesley Marketplace. This mixed-use building offers retail amenities and excellent office spaces. Renters can enjoy having professional management and on-site parking. Currently, the available space was previously used as a legal office. The newly renovated unit contains a reception area, two offices, a kitchenette, a conference room, two workstations and an open workspace. Renters can enjoy having a fully furnished suite that boasts of a private entrance. In addition, the Wellesley Marketplace is conveniently close to Route 9, Interstate 90 and Route 95.

At 892 Worcester Street, renters will find one of the area's most popular office buildings. While it has more than 57,000 square feet of space, only a single 647-square-foot unit is available. Built in 1968, this property is only four minutes away from the Wellesley Square Commuter Rail station.

Retail Space Market

One of the most popular retail sites is at Linden Square. Based on the site of a former strip-mall, this location is anchored by the Roche Bros. Supermarket. Many of the top retail shops are located within the vibrant downtown area. The town's center is the location of many shopping and dining venues. The closest shopping malls are in the Chestnut Hill and Natick areas.

Residents can also check out 91 Central Street. Known as the Odd Fellows Building, this property is in a prime location on Central Street. It boasts of a spot within the center of Wellesley Square and has 40 feet of frontage. Currently, studio 91 is available for rent. It includes 1,705 square feet of retail space for an annual rent of $50 per square foot.

At 8 Church Street, retail investors can find a smaller space. Built in 1926, this property can be divided into one or more units. Retailers can rent 2,326 to 4,300 square feet of space on the first floor. Another spot that just became available is at 570 to 574 Washington Street. Constructed in 1930, this space has a 1,127- to 2,308-square-foot unit available.

For a more stunning complex, check out 103 Central Street. While the building was originally constructed in 1830, it looks brand new. In total, there is 10,500 square feet of rentable area in this building. Right now, five of the units are available for rent. The anchor tenant for this property is Swan and Steward Furniture Company.

Real Estate News

One of the newest developments in the area is the Wellesley Country Club's clubhouse. The town has also seen a new shopping district and a new high school constructed in the last decade.

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