Former Bank Development
For Lease
Contact for pricing
257 Spring Street, Medford, MA 02155
Former two-story Citizens Bank branch with 10 parking spaces on a Commercial 1-zoned lot.
Space Size5,288 SF - 11,299 SF
Days on Market85
Property Features for 257 Spring Street
General Information
Standard status
Active
Size
5,288 SF - 11,299 SF
Total Parking Spaces
40
Property subtype
Retail, Land
Building Details
Building Size
5,400 SF
Tenancy
Multiple
Spaces For Lease
at 257 Spring Street Contact us- Size
- 5,288 SF
- Availability
- Active
#1 - Parcel A
- Size
- 11,299 SF
- Availability
- Active
#2 - Parcel B
Listing Agency:
Conviser Property Group, Inc.
Listed By:
Jim Conviser · License #MA
(781) 320-0600
Source:
Crexi
Added: Jun 15
Changed: Sep 4
Last Checked: Sep 6 at 5:39PM
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 Conviser Property Group, Inc.
Investment Insights
Based on property information with market context.
Two parcels are available for lease as a commercial or mixed-use development opportunity in East Medford. Parcel A includes a former Citizens Bank building built as a two-story branch with 10 parking spaces (8 standard and 2 handicap) on a lot sized at 6,970 SF, with Commercial 1 zoning.
Parcel B is a development parcel at 0 Yeomans Ave, subject to approvals. The 11,299 SF lot is currently used as parking for 30 vehicles and is described as General Residential zoning.
Together, the parcels offer separate lease options for a development plan, with Parcel A featuring an existing bank building and Parcel B providing a larger parking-used site pending approvals.
Parcel B is a development parcel at 0 Yeomans Ave, subject to approvals. The 11,299 SF lot is currently used as parking for 30 vehicles and is described as General Residential zoning.
Together, the parcels offer separate lease options for a development plan, with Parcel A featuring an existing bank building and Parcel B providing a larger parking-used site pending approvals.
Key Highlights
- Parcel A: Former two‑story Citizens Bank branch at 257 Spring Street with a 5,288 SF building.
- Parcel A on 6,970 SF lot with Commercial 1 zoning and built out as a two‑story bank branch.
- Parcel A includes 10 parking spaces (8 standard, 2 handicap).
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 59%
Shops & Services 28%
Dining 11%
Electronics 2%
Target
Superstores
44,495 visits/mo
0.1 miles
Sunoco
Shops & Services
12,913 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,275 visits/mo
0.1 miles
Citizens Bank
Shops & Services
7,816 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
1,632 visits/mo
0.1 miles
Demographics for 02155, MA
61,483
Population
25,893
Households
2.4
Avg Household Size
36
Median Age
58%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
7,498
Density / Sq Mi
$118,403
Median Household Income
$60,825
Median Earnings
$2,483
Median Rent
$715,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former two-story Citizens Bank branch with 10 parking spaces on a Commercial 1-zoned lot.
Where is this bank located?
The property is located at 257 Spring Street Medford, MA.
What are key features of this property?
This property features: Parcel A: Former two‑story Citizens Bank branch at 257 Spring Street with a 5,288 SF building.; Parcel A on 6,970 SF lot with Commercial 1 zoning and built out as a two‑story bank branch.; Parcel A includes 10 parking spaces (8 standard, 2 handicap).
