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    393 Main St Medford, MA 02155

    Sponsored
    For Sale
    $3,995,000

    High-traffic location, redevelopment potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, situated at 393 Main Street in Medford, Massachusetts, presents a unique investment opportunity. Located near the intersection of Main and Harvard Streets, this high-traffic area ensures excellent visibility and accessibility. The property boasts a substantial single-story building currently configured as two storefronts, offering immediate income potential. The building comprises a spacious 6,903 square foot first floor and a 4,797 square foot basement, providing ample space for a variety of uses. The sizable 7,676 square foot lot (0.18 acres) offers significant potential for redevelopment or new construction. Its prime location offers easy access to public transportation, with close proximity to the MBTA Green Line and a half-mile from Route 93, ensuring convenient commutes for employees and customers. The property is zoned Commercial (C-1), opening doors to a wide range of development possibilities. This versatile property is ideal for savvy investors seeking a strong foothold in a thriving Medford location, offering both immediate income and long-term growth potential. The combination of existing commercial space and significant redevelopment potential makes this a truly unique opportunity. Serious inquiries are encouraged.

    Property Features for 393 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Roshankish Krav Maga Martial Arts School

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.10804
    Latitude
    42.40456

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, redevelopment potential.
    Where is this commercial real estate located?
    The property is located at 393 Main St Medford, MA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    (617) 764-5590
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    393 Main St Medford, MA 02155
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