Main Street Mixed-Use
For Sale
$4,950,000
393 Main St, Medford, MA 02155
C1-zoned property with an existing two-tenant building and redevelopment capacity for a five-story structure.
Property Size11,700 SF
Days on Market46
Property Features for 393 Main St
General Information
Standard status
Active
Size
11,700 SF
Property subtype
Multifamily
Occupancy
1%
Amenities
Main Street development opportunity located in the heart of Medford, MA. Just 1/2 mile to Tuft University and approximately 5-miles (15-minutes) north of Downtown Boston.
Currently a single story, two-tenant building with approximately 12,000 SF on .18 acres and 70 feet of frontage. Zoned C-1 which allows up to a five-story structure.
The City of Medford is currently undergoing a Zoning reform throughout the city which will allow new/improved use/dimension requirements. Multifamily/mixed-use development is encouraged.
Building Details
Building Size
11,700 SF
Units
2
Listing Agency:
Boston Office
Listed By:
Matt Pierce · License #License(s): MA: 9506948
(617) 896-7214
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 30 at 10:30AM
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 Boston Office
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Investment Insights
Based on property information with market context.
This mixed-use property includes a single-story, two-tenant building containing approximately 12,000 SF on a 0.18-acre parcel. The site provides 70 feet of frontage and is zoned C1 Commercial. The existing structure offers an established commercial footprint, while the parcel also supports redevelopment planning under the applicable zoning framework.
The property is located on Main Street in Downtown Medford, approximately 0.5 miles from Tufts University and 5 miles north of Downtown Boston. The City of Medford allows a five-story structure at this parcel location, creating documented potential for commercial, residential, or mixed-use development.
The property is located on Main Street in Downtown Medford, approximately 0.5 miles from Tufts University and 5 miles north of Downtown Boston. The City of Medford allows a five-story structure at this parcel location, creating documented potential for commercial, residential, or mixed-use development.
Key Highlights
- Approximately 12,000 SF single‑story, two‑tenant building
- 0.18‑acre parcel with 70 feet of frontage
- C1 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,050
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
$3.9M
Cap Rate 7%
$2,757,857
$2.8M
Cap Rate 9%
$2,145,000
$2.1M
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$351.0K $30.00/SF
− Vacancy
−$42.1K −$3.60/SF
EGI
$308.9K $26.40/SF
− OpEx
−$115.8K −$9.90/SF
NOI
$193.1K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
Cap Rate 7%
$2,757,857
Cap Rate 9%
$2,145,000
Alternative Uses
Best Use
Mixed Use
$2.76M
$2.41M – $3.22M
NOI $193,050 @ 7.0% cap · market cap 3.90%
Second Best
Retail
$2.40M
$2.10M – $2.80M
NOI $168,162 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$6.93M
$6.06M – $8.08M
NOI $484,845 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 26%
Home Improvements & Furnishings 3%
Burger King
Dining
22,105 visits/mo
0.4 miles
Dunkin' Donuts
Dining
17,098 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,731 visits/mo
0.5 miles
AutoZone
Shops & Services
6,042 visits/mo
0.4 miles
7-Eleven
Shops & Services
5,303 visits/mo
0.4 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
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned property with an existing two-tenant building and redevelopment capacity for a five-story structure.
Where is this mixed-use property located?
The property is located at 393 Main St Medford, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 12,000 SF single‑story, two‑tenant building; 0.18‑acre parcel with 70 feet of frontage; C1 Commercial zoning
