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Franklin St Melrose, MA 02176

Sponsored
For Sale
$1,100,000

Three-unit building, prime Melrose location, high potential.

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional investment property, situated on a 0.09-acre lot on Franklin Street in Melrose, Massachusetts, presents a compelling opportunity for discerning investors and developers. The meticulously maintained building encompasses 2,288 square feet and features three individual units, offering immediate rental income potential. Its strategic location places it within easy walking distance of the Melrose MBTA line, making it an incredibly attractive proposition for transit-oriented development. The property is zoned BA-2, a designation that opens doors to a variety of uses, including retail, street retail, and mixed-use developments. This zoning flexibility allows for significant adaptability and potential for future expansion or repurposing to meet evolving market demands. The strong Melrose market provides a stable foundation for long-term growth and profitability. This is a rare chance to acquire a well-maintained, income-producing asset in a highly desirable and convenient location, offering both immediate returns and significant long-term upside. The asking price for this exceptional property is $1,100,000. Serious inquiries are encouraged.

Property Features for Franklin St

General Information

Property type
Other commercial real estate
Lot Size
3,920 SF

Building Details

Year Built
1924

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Melrose
County
Middlesex
State
Massachusetts
Longitude
-71.06165
Latitude
42.46695

FAQs

What type of property is this?
Commercial real estate - Three-unit building, prime Melrose location, high potential.
Where is this commercial real estate located?
The property is located at Franklin St Melrose, MA.
What is the asking price?
The asking price for this property is $1,100,000.
More about this property
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