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Mixed-Use Property with Apartment
For Sale
Contact for pricing
Pending

536 Lebanon St, Melrose, MA 02176

First-floor reception, exam rooms, and a two-bedroom apartment support combined commercial and residential use.

Property SizeContact for details
Days on Market143

Property Features for 536 Lebanon St

General Information

Standard status Pending
Property subtype Retail, Mixed Use

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Building Details

Buildings 1
Listing Agency: Gibson Sothebys Company
Listed By: Casey LeBlanc · License #MA 9536902
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Sep 1 at 6:06AM

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 Gibson Sothebys Company

Investment Insights

Based on property information with market context.

Located at 536 Lebanon St in Melrose, this mixed-use property combines a first-floor commercial layout with an updated two-bedroom apartment. The commercial space includes a reception area, kitchenette, administrative office, exam rooms, and a full basement, along with an on-site parking lot. The configuration previously accommodated a MedSpa use.

The residential unit includes stainless steel appliances, an in-unit washer and dryer, and hardwood flooring throughout. The property is within minutes of the Commuter Rail, downtown Melrose, and major highways, providing access to nearby transportation and commercial activity.

Key Highlights

  • First‑floor commercial layout with reception area, kitchenette, administrative office, and exam rooms
  • Updated 2 bedroom apartment with stainless steel appliances
  • In‑unit washer/dryer and hardwood floors throughout the apartment

Property Analytics

Current Use

Commonwealth Properties Real Estate Agency

Suggested Use

Top Pick Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,485
Businesses Nearby

Demographics for 02176, MA

29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor reception, exam rooms, and a two-bedroom apartment support combined commercial and residential use.
Where is this mixed-use property located?
The property is located at 536 Lebanon St Melrose, MA.
What are key features of this property?
This property features: First‑floor commercial layout with reception area, kitchenette, administrative office, and exam rooms; Updated 2 bedroom apartment with stainless steel appliances; In‑unit washer/dryer and hardwood floors throughout the apartment
More about this property
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