Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    223 Highland Ave Malden, MA 2148

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $95,000

    Convenience store with fully equipped restaurant in Malden, MA.

    Type:Business Opportunity
    Property size:
    2,200 SF
    Added:
    Apr 22, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 22 at 12:57 pm

    Property Features for 223 Highland Ave

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Business Opportunity

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Saad Eltaybany

    Listing agent Saad Eltaybany

    Listing office United Brokers

    Listing date Apr 22, 2026

    Source Liongatere

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

    All listing content including descriptions, pricing, images are the copyrighted material of United Brokers

    Overview

    Malden Convenience Store with Restaurant

    This is an opportunity to acquire a convenience store with a fully equipped restaurant in a busy and highly visible location in Malden, MA. The space is approximately 2,200 square feet and is configured to support both retail and food service operations, offering flexibility for a variety of business models. The business includes a fully equipped commercial kitchen, allowing a new owner to continue operations or rebrand, modify the menu, or optimize inventory. The layout and infrastructure support multiple cuisines and retail configurations. The monthly rent is $3,100. There is potential through operational improvements, refreshed product mix, extended hours, delivery platforms, or branding enhancements.
    Location Intelligence

    Current Use by Public Records

    Atlas Pizza Market Restaurant Pizza malden Take-out & Catering

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Hong Kong Supermarket — 188 Commercial St, Malden, MA 02148
    • Target Grocery — 471 Salem St, Medford, MA 02155
    • Halal restaurant — 30 1st St, Medford, MA 02155
    • Food Land Halal Market & Cafe — 13 Highland Ave, Malden, MA 02148
    • Nazar Halal Meat Market & Bakery — 325 Rivers Edge Dr, Medford, MA 02155

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0799155
    Latitude
    42.4214017

    Nearby Similar for Sale

    • $550,000
      1,048 SF

      Renovated Commercial Space Near T-Station

      1,048 SF renovated commercial space across from Oak Grove T-station.
      1 Glenwood St 6, Malden, MA 02148
      View Details
    • $550,000
      1,048 SF

      Renovated Commercial Space Near T-Station

      1,048 SF renovated commercial space across from Oak Grove T-station.
      1 Glenwood St #6, Malden, MA 02148
      View Details
    • $989,900
      3,044 SF

      Malden Triplex with Recent Updates

      Spacious triplex in Malden with updated systems and ample storage.
      13-15 Tufts St, Malden, MA 02148
      View Details
    • $550,000
      1,048 SF

      Renovated Commercial Space Near Station

      1,048 SF renovated commercial space across from Oak Grove T-station.
      1 Glenwood St #6, Malden, MA 02148
      View Details
    • $2,100,000
      7,974 SF

      Malden Office Building For Sale

      7,974 SF office building in Malden, Massachusetts.
      52 Sharon Street, Malden, MA 02148
      View Details
    • $900,000

      Malden Multifamily with Income Potential

      Well-maintained multifamily in prime location with immediate income potential.
      40 Clark St, Malden, MA 02148
      View Details
    • $999,000
      2,160 SF

      Renovated Two-Family Home in Malden

      Turnkey two-family in prime location, ideal for investment or owner-occupancy.
      216 Adams, Malden, MA 02148
      View Details
    • $3,200,000
      24,000 SF

      Iconic Malden Square Building

      24,000 sq ft building in the heart of downtown.
      399 Main St, Malden, MA 02148
      View Details
    • $989,900

      Malden Triplex Investment Opportunity

      Spacious triplex near transportation with updated systems and ample storage.
      13-15 Tufts St, Malden, MA 02148
      View Details
    • $999,000
      2,160 SF

      Renovated Two-Family Home in Malden

      Turnkey two-family home in a prime Malden location.
      216 Adams, Malden, MA 02148
      View Details
    • $1,400,000
      3,514 SF

      Malden Commercial Property For Sale

      Commercial property in high-traffic area, ideal for auto-related businesses.
      62-64 Eastern Ave, Malden, MA 02148
      View Details
    • Contact for pricing
      5,673 SF

      Malden Auto Service Property Available

      5,673 SF auto service property with flexible industrial zoning.
      314-320 Eastern Avenue, Malden, MA 01248
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Convenience store with fully equipped restaurant in Malden, MA.
    Where is this grocery and convenience store located?
    The property is located at 223 Highland Ave Malden, MA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: High‑visibility location in Malden, MA.; **Fully equipped commercial kitchen suitable for various cuisines.**; Flexible 2,200 SF space supports retail and food service.
    (781) 588-4010
    We can help!
    Listing Contact
    Saad Eltaybany
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!