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    358-360 Salem St Malden, MA 02148

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    For Sale
    $899,900

    Prime retail space with high visibility and reliable rental income.

    Lot size:
    0.03 Acres

    Property Features for 358-360 Salem St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1950

    Source: William Raveis R.E. & Home Services Agent The Lucci Witte Team

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building in Malden

    Located in Malden, the property at 358-360 Salem St is a freestanding, one-story retail building constructed in 1950. The building offers approximately 1,188 square feet of space and is situated on a 0.03-acre lot. Zoned NB (Neighborhood Business), the property allows for a variety of commercial uses. The location benefits from excellent visibility on Salem Street, with strong foot and vehicle traffic. Convenient access to public transit and major roadways further enhances its appeal. A long-term tenant is currently in place, providing reliable rental income. This property is suitable for investors seeking steady returns and future owner-occupiers.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0553146
    Latitude
    42.4312682

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    FAQs

    What type of property is this?
    Retail space - Prime retail space with high visibility and reliable rental income.
    Where is this retail space located?
    The property is located at 358-360 Salem St Malden, MA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Prime retail location on Salem Street with high visibility and strong foot/vehicle traffic.; - Reliable rental income from a long-term tenant already in place.; - Zoned NB (Neighborhood Business) allowing for a variety of commercial uses.
    (978) 273-0099
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    358-360 Salem St Malden, MA 02148
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    Malden, MA 02148
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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
    358-360 Salem St Malden, MA 02148
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