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393-395 Massachusetts Ave 6,372 SF 100% Leased Office Building Arlington, MA 02474 $2,703,558 CAD ($424.29 CAD/SF) 6.39% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Massachusetts Avenue is Arlington’s primary commercial corridor.
  • Arlington’s blend of stability, walkability, demand, and high-income demographics positions it as one of Greater Boston’s premier markets.

EXECUTIVE SUMMARY

CastleArch Property Advisors is pleased to present a rare opportunity to acquire the iconic “Wayside Inn” at 393–395 Massachusetts Ave. in the Broadway Historic District of Arlington, MA. Built pre-1750 and listed on the National Register of Historic Places, this beautifully preserved and diligently updated landmark is the only remaining half-house of its Georgianera style in Arlington. Long believed to have served as a stagecoach stop, and containing a fresh-water well in the basement, the property retains its historic charm while offering exceptional modern versatility. Ideally situated just steps from Arlington Center’s boutiques, restaurants, and coffee shops, and within easy reach of the Minuteman Bike Trail, MBTA bus routes, Spy Pond, and the Cambridge line, this amenity-rich location provides unmatched convenience for both business and residential use. The 6,372 SF building features a classic clapboard exterior with an intact historic façade and offers eight (8) office suites in total. The main level includes flexible commercial or office space well suited for studio or professional use, while the upper floors feature additional office suites and a one-bedroom apartment. With excellent street visibility, off-street parking, and proximity to transit and neighborhood amenities, the property accommodates a wide range of investment or end-user possibilities. Whether you’re looking to invest, establish a business, or create a one-of-a-kind space within a historic setting, 393–395 Massachusetts Ave. delivers timeless character, a prime location, and remarkable flexibility.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
6,372 SF
Building Class
C
Year Built
1789
Price
$2,703,558 CAD
Price Per SF
$424.29 CAD
Cap Rate
6.39%
NOI
$172,821 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,419 SF
Building FAR
0.73
Lot Size
0.20 AC
Zoning
B3

AMENITIES

  • Secure Storage
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
ARLI-000032-000002-000022
Land Assessment
$1,321,000 CAD
Improvements Assessment
$422,310 CAD
Total Assessment
$1,743,310 CAD
  • Listing ID: 39026123

  • Date on Market: 2026-01-09

  • Last Updated:

  • Address: 393-395 Massachusetts Ave, Arlington, MA 02474

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