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Medical Office and Street Retail Building
For Sale
$999,000

365 Salem St, Medford, MA 02155

Well-maintained building with street-level retail and finished lower level, currently configured for professional service use.

Property SizeContact for details
Days on Market191

Property Features for 365 Salem St

General Information

Standard status Active
Property subtype Commercial
Zoning APT-1

Taxes and HOA fees

Annual Taxes $8,970

Building Details

Year Built 1918
Listing Agency: Coldwell Banker Realty - Westford
Listed By: Chris Bernier
Source: Churchillprop
Added: Feb 10 Changed: Aug 18 Last Checked: Aug 18 at 1:22PM

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 Coldwell Banker Realty - Westford

Investment Insights

Based on property information with market context.

This well-maintained commercial building offers approximately 4,100 total square feet, including about 2,050 square feet of street-level retail space and a fully finished lower level. The property is currently configured for professional service use, with a reception area, treatment rooms, and restrooms, providing an operational layout for healthcare-adjacent and wellness-oriented tenants or owner-users.

The building benefits from prominent Salem Street visibility just east of I-93. It is offered for sale and is shown by appointment only.

With its turnkey professional service configuration and dedicated street-level retail presence, the space is well suited for an owner-operator looking to maintain long-term control, as well as for businesses in wellness, medical, or other service categories. Buyers and tenants can evaluate the existing room setup immediately while planning for any refinements to match their specific operating needs.

Key Highlights

  • Well‑maintained 4,100 SF commercial building built in 1918
  • Includes 2,050 SF of street‑level retail space
  • Fully finished lower level

Property Analytics

Current Use

Medical centers

Suggested Use

Top Pick Restaurant Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Hotel & Motel Home Appliance Store

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

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

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 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?
Medical center - Well-maintained building with street-level retail and finished lower level, currently configured for professional service use.
Where is this medical center located?
The property is located at 365 Salem St Medford, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Well‑maintained 4,100 SF commercial building built in 1918; Includes 2,050 SF of street‑level retail space; Fully finished lower level
More about this property
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