Three-Unit Storefront
New
For Sale
$1,199,999
283-289 Salem Street, Malden, MA 02148
Two suites are leased, while the third is vacant following a 2024 gut renovation.
Property Size1,560 SF
Price / SF$769.23
Days on Market7
Property Features for 283-289 Salem Street
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Commercial
Occupancy
67%
Additional Details
Gross Income
$56,400
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Fellsway Realty,LLC
Listed By:
Walace Nogueira
(617) 780-9748
Source:
Elevatedboston
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 9 at 11:34PM
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 Fellsway Realty,LLC
Investment Insights
Based on property information with market context.
The 1,560-square-foot storefront property at 283-289 Salem Street contains three commercial units and dates to 1900. The vacant suite at 283 underwent a gut renovation in 2024. A combined double-width unit at 285-287 was renovated in 2023 and is occupied by a beauty salon. The remaining suite, at 289, is leased to a cell phone sales and repair business.
Two of the three units are currently leased. The property is located on Salem Street in Malden, Massachusetts.
Two of the three units are currently leased. The property is located on Salem Street in Malden, Massachusetts.
Key Highlights
- Three commercial units totaling 1,560 square feet
- Two of the three units are leased
- Suite 283 is vacant and was gut renovated in 2024
Property Analytics
Current Use
Lease Details
66.7%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 22%
Home Improvements & Furnishings 2%
7-Eleven
Shops & Services
8,925 visits/mo
0.2 miles
Mobil
Shops & Services
8,192 visits/mo
0.2 miles
Honey Dew Donuts
Dining
5,730 visits/mo
0.4 miles
AutoZone
Shops & Services
5,694 visits/mo
0.2 miles
SUBWAY
Dining
2,923 visits/mo
0.4 miles
Demographics for 02148, MA
66,274
Population
28,043
Households
2.4
Avg Household Size
36
Median Age
45%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
13,255
Density / Sq Mi
$95,298
Median Household Income
$56,077
Median Earnings
$2,066
Median Rent
$607,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Stop & Shop Florist — 99 Charles St, Malden, MA 02148
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- MARTIN'S FLORIST & GREENHOUSE — 119 Lebanon St, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Storefront property - Two suites are leased, while the third is vacant following a 2024 gut renovation.
Where is this storefront property located?
The property is located at 283-289 Salem Street Malden, MA.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Three commercial units totaling 1,560 square feet; Two of the three units are leased; Suite 283 is vacant and was gut renovated in 2024
