Free Standing Commercial
138 Main St, Melrose, MA 02176
Commercial building in Melrose with parking and redevelopment potential.
Type:Commercial
- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 4 at 7:06 am
Property Features for 138 Main St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agent Jason Madden (781) 389-1090
Listing office Pondfield Commercial Group (781) 389-1090
Listing date Apr 15, 2026
Source Elliman
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 Pondfield Commercial Group
HighLights
- Prime Main Street location in Melrose with high walkability (88 walk score).
- Includes a valuable 10‑car parking lot, a rare asset for Main Street.
- Free‑standing commercial building, offering independence.
- Previously used as a bank, featuring existing office layout with private offices, break room, and teller areas.
- Pre‑existing, legal, non‑conforming use as an office, allowing immediate occupancy.
- Potential redevelopment opportunity with zoning relief, offering long‑term investment possibilities.
Overview
This free-standing commercial building is located on Main Street in Melrose and includes a 10-car parking lot. The property was most recently used as an office and has a history as a bank. The first floor features three private offices, a break room, two half bathrooms, and multiple bank teller service areas. The lower level contains two finished rooms and a half bath. The upper level includes a third unfinished room that can be improved for additional space. The property is located across from Pine Banks Park and is within walking distance of Jitters Cafe, Bobby Cs, Ocean Sushi, and Hinge Fitness. It is a suitable location for a local business owner interested in owning rather than renting. The property is a pre-existing, legal, non-conforming use as an office. The underlying zoning is residential, URB, presenting a possible redevelopment opportunity with zoning relief. The walk score is 88, indicating it is very walkable. The bike score is 43, meaning it is somewhat bikeable, and the transit score is 35, indicating some transit options are available. Buyers should conduct due diligence to confirm all information.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0684595
- Latitude
- 42.4454606
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Commercial building in Melrose with parking and redevelopment potential.
Where is this office building located?
The property is located at 138 Main St Melrose, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Main Street location in Melrose with high walkability (88 walk score).; Includes a valuable 10‑car parking lot, a rare asset for Main Street.; Free‑standing commercial building, offering independence.
