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Downtown Former Bank Office Building
For Sale
$2,895,000

399 Main St Malden, Malden, MA 02148

Freestanding, multi-level office building with elevator service and outdoor space for patio seating.

Property Size23,900 SF
Price / SF$121.13
Days on Market51

Property Features for 399 Main St Malden

General Information

Standard status Active
Size 23,900 SF
Zoning CB
Lease Type NNN

Taxes and HOA fees

Annual Taxes $28,582

Amenities

0.18
No
23900

Building Details

Building Size 23,900 SF
Year Built 1922
Listing Agency: eXp Realty LLC
Listed By: Teresa Pontes
Source: Ma.exprealty
Added: Jul 10 Changed: Aug 28 Last Checked: Aug 28 at 6:31PM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This iconic, free-standing building at Malden Square offers three full levels plus a lower level, totaling a former bank facility with high ceilings throughout. The interior has been fully demo’d and abated, creating a blank-slate layout for a new owner or tenant to reimagine the space. All four levels are serviced by an elevator, and there is some outdoor space available for patio seating.

The property is located in downtown Malden at the intersection of Main St and Pleasant St, with adjacency to a 45-car municipal parking lot and a block away from a 600-car parking garage. It is across the street from Malden High School.

The full 24,000 square foot building is available, with potential for subdivision as small as 5,000 square feet, depending on the end use plan.

Key Highlights

  • 24,000+ SF (23900 SF) free‑standing, multi‑level former bank building with 3 full levels plus a lower level
  • Interior has been completely demo’d/abated, offering a blank‑slate layout for a new buildout
  • All four floors are serviced by an elevator

Property Analytics

Current Use

Citizens Bank ATM Atm Medford Bank Bank Citizens Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Gym & Fitness Center Hotel & Motel Furniture & Home Goods

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

2,486
Businesses Nearby

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 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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding, multi-level office building with elevator service and outdoor space for patio seating.
Where is this office building located?
The property is located at 399 Main St Malden Malden, MA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 24,000+ SF (23900 SF) free‑standing, multi‑level former bank building with 3 full levels plus a lower level; Interior has been completely demo’d/abated, offering a blank‑slate layout for a new buildout; All four floors are serviced by an elevator
More about this property
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