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    384 Waltham St Lexington, MA 02421

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    For Sale
    $4,000,000

    Retail investment opportunity in Lexington, anchored by Anton's Cleaners.

    Property size:
    10,596 SF

    Property Features for 384 Waltham St

    General Information

    Size
    10,596 SF

    Building Details

    Year built
    1945

    Source: The Mega Group Agent Brian DApice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lexington Retail Investment Opportunity

    Marrett Square Shopping Center presents a retail and commercial investment opportunity. Located in Lexington, Massachusetts, at the junction of Marrett Road (Route 2A) and Waltham Street, the property is near Belmont Country Club and the City of Waltham. Constructed in 1940, this shopping center occupies a 24,437 square foot corner parcel. The 10,596 square foot property features twelve units, anchored by Anton's Cleaners, with tenants including Spirit of India, Eppinger Fitness, Royal Pastry, Formosa Taipei, and Boston Nails. The site is accessible via two means of egress from all traffic directions and includes 35 on-site parking spaces. Positioned at a four-way signalized intersection, the property is located minutes from Route 2, Route 128/95, and Trapelo Road Waltham. The Lexington Lexpress is located nearby at 39 Marrett Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anton's Cleaners Dry Cleaner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Giroux Building, Marrett Square

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2344061
    Latitude
    42.4360906

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    FAQs

    What type of property is this?
    Shopping center - Retail investment opportunity in Lexington, anchored by Anton's Cleaners.
    Where is this shopping center located?
    The property is located at 384 Waltham St Lexington, MA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Strategically positioned at a four-way signalized intersection with easy access to major routes (Route 2, Route 128/95) and Trapelo Road.; - Anchored by Anton's Cleaners and features a diverse mix of tenancies including restaurants, fitness, and service businesses.; - Located in historic Lexington, Massachusetts, near Belmont Country Club and the City of Waltham.
    Request Owner's contact information
    384 Waltham St Lexington, MA 02421
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    Lexington, MA 02421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    384 Waltham St Lexington, MA 02421
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