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    403 Franklin St Melrose, MA 02176

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    For Lease
    $3,000 /Mo

    1,900+ SF commercial space suitable for medical, office, or retail.

    Lot size:
    0.30 Acres

    Property Features for 403 Franklin St

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1989

    Source: Leading Edge Real Estate Agent Kate Cote

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

    Overview

    Melrose Highlands Versatile Commercial Space

    This 1,900+ SF commercial space is located in the Melrose Highlands area and is suitable for medical, professional office, or retail use. The first-floor layout includes five private offices surrounding a spacious common area, a dedicated front entrance, two bathrooms, and a kitchenette. Individually controlled HVAC systems provide year-round comfort. Parking is available in an on-site lot and on the street. The property is located steps from the Highlands commuter rail station. It will be available December 1st or earlier upon mutually agreeable date.
    Insight Report Location Intelligence

    Current Use by Public Records

    Suburban Construction, LLC Contractor J. Bradley Architects Architect TF Ward Insurance ... Insurance Agency Ceruolo & Associates PC Law Firm J. Bradley Architects ... Corporate Office

    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
    Melrose
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0673182
    Latitude
    42.4688437

    Nearby Similar for Lease

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      Downtown Melrose Retail Space Available

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      Downtown Melrose Office Space Available

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    FAQs

    What type of property is this?
    Office space - 1,900+ SF commercial space suitable for medical, office, or retail.
    Where is this office space located?
    The property is located at 403 Franklin St Melrose, MA.
    What are key features of this property?
    This property features: - Strategically located in Melrose Highlands, steps from the Highlands commuter rail station, offering excellent accessibility and convenience.; - Versatile 1,900+ SF commercial space suitable for medical, professional office, or retail use.; - Flexible first-floor layout with five private offices and a spacious common area.
    (781) 454-5588
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    403 Franklin St Melrose, MA 02176
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    Melrose, MA 02176
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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
    403 Franklin St Melrose, MA 02176
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