Wenham, MA Commercial Real Estate for Sale and Lease

Placed within Essex County, this small town is an ideal site for investors. While it has been nearly 400 years since the town was first settled, it still has many of the historic homes, winding roads and old stone walls that it had centuries ago. This area is a popular investment site because of its rural scenery, open spaces and historic character. Even in the modern era, the town has almost 300 acres of recreational space, parks and playgrounds.

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In coming years, the real estate market is set to take off. Several years ago, Boston magazine named this city has one of the best places to live in the state. Because of its school system, safe environment and recreation department, investors and families alike are drawn to the area.

Another reason to invest in the town is because of its location. This town is only 21 miles northeast of Boston and 6 miles north of Salem. Because of its location, Route 1A, Route 128 and Route 97 pass through the town. In addition, Route 97 and Route 35 pass near the town. Commuters also invest in the town because the Hamilton/Wenham station of the MBTA Commuter Rail is just north of the town.

While it might have a pastoral environment, this town still has access to local amenities. It is placed near big communities like Topsfield, Danvers and Beverly. While residents may enjoy the tree-lined roads, investors can start a business or buy commercial property within the thriving town center. Plus, the town is just a 45-minute drive away from downtown Boston.

In the adorable town center, residents will find the Wenham museum, cafes and the Wenham Tea House. Retailers like the Grassy Roots cafe and the women's Viola Lovely shop can also be found in this area. Because of its pedestrian traffic, this area is a popular investment site. Students are also a part of this consumer base because of the presence of Gordon College.

Office Space Market

Office spaces in this town range from modern complexes to renovated carriage houses. One of the most unique offices can be discovered at 225 Main Street. This office suite was actually made from a carriage house and a historic building. The large suite includes a waiting room and a shared bathroom. The property contains plenty of parking as well as a convenient downtown location. Boasting of a low rent of $450 a month, this office space is close the MBTA stop and the Hamilton/Wenham Line.

The Penguin Hall building is an impressive 100,000 square feet in size. This turn-key space is just off of Route 128. Unlike other offices, this one is actually available for sale. Penguin Hall can be converted into a medical facility, residential homes, a business center, senior living homes or a conference center.

Another remade carriage house is available for rent at 152 Main Street. The completely renovated property is a part of the business district along Route 1A. Residents can rent one to six offices at the space. All of the offices are outfitted with plenty of parking, air conditioning and well-appointed layouts. These units can be used for legal professionals, consultants, therapists or other businesses.

Retail Space Market

For retail spaces, residents can head to the adorable town center. This area is popular among the locals because the sidewalks make it easy to peruse the shops and enjoy a meal with friends. Within this small area, investors will find a number of retail spaces.

Most of the town consists of residential homes and professional offices. Unlike some towns, this area does not have a major commercial center. There are a number of businesses like CVS and the Weathervane Tavern clustered around the MBTA station. Other than that, the retail shops tend to dot the residential streets at random. Main Street and Route 1A are really the prime development spots for retail shops.

While there might not be an immense number of retail shops in the area, there are some spaces available for rent. Many of the office spaces in town are also zoned for retail enterprises. In addition, some of the spaces are dedicated exclusively to retail purposes.

One space like this can be found at 158 Main Street. While two of the three units are intended for office space, one of the units is exclusively designed for street retail. Like the other two units, this retail unit is 1,158 square feet in size. This free-standing building is a part of the town's business district and offers excellent visibility. It has been completely renovated for a chic, sophisticated appearance. At the building, renters will find separate office spaces, extra storage and plenty of off-street parking. In addition, the units are handicap accessible. The high-traffic location makes the retail space great for a gallery, shop or commercial office. The offices at the property are both positioned on the second floor, and the retail space is placed on the first floor.

Real Estate News

One of the newest developments in the area is Wenham Pines. This 55+ community includes a total of 25 condominiums. Just completed in 2017, this project sits next to the 32.4-acre Lakeview Golf Club. Residents can enjoy having an accessible location near the town's Main Street. The units are New England-style townhouses with spacious floor plans. Each residence includes 3,000 square feet of space. Residents can enjoy having loft spaces, two-car garages and beautifully appointed kitchens. The average home in the development sells for more than $1 million.

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Commercial Property List