Building Details

Year Built 2015

Listing Agency: Pondfield Commercial Group Show Phone

Listed By: Jason Madden

Source: Corcoran

Added: Mar 10 Changed: Aug 8 Last Checked: Jul 15 at 8:57PM

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Investment Insights

Based on property information with market context.

This commercial real estate property in Melrose, Massachusetts, offers office space for rent. The property provides 2,108 square feet of office units. The listing price is $27.

Key Highlights

• Office space available for lease
• Located in Melrose, Massachusetts
• Built in 2015

Property Analytics

Property Profile

Current Use

Fitzgerald Physical Therapy ... Medical Clinic Zipcar Car Rental Facility The Washingtons Apartments Real Estate Agency Wesley Davis Physician Sarah Marchionne Physician

Suggested Use

Top Pick Pharmacy Restaurant Auto Parts Store Real Estate Agency Big Box & Wholesale Store Building Supply

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

NNN (Triple Net)

Lease Type

$4.05 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

536

Businesses Nearby

Explore this area Business Placement

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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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Melrose, Massachusetts.

Where is this office units located?

The property is located at 2 Washington Melrose, MA.

What is the lease rate?

The lease rate is $27 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Melrose, Massachusetts; Built in 2015