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Former Parish Center on Route 28
For Lease
$8 SF/Yr

401 Fellsway West, Medford, MA 02155

Versatile 17,000 SF space near I-93 and Medford Square.

Space SizeContact for details
Lot Size1.43 Acres
Days on Market164

Property Features for 401 Fellsway West

General Information

Standard status Active
Lot size 1.43 Acres
Property subtype Commercial

Building Details

Year Built 9999
Listing Agency: RE/MAX ANDREW REALTY SERVICES
Listed By: Andrew Veneziano
Source: Elliman
Added: Mar 10 Changed: Aug 17 Last Checked: Aug 17 at 10:08AM

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 RE/MAX ANDREW REALTY SERVICES

Investment Insights

Based on property information with market context.

This is a former Msgr. William B. Foley Parish Center, featuring approximately 17,000 square feet of space across three levels. The property includes a large cafeteria/all-purpose room with a kitchen, a basketball court, and an auditorium with seating for approximately 380 people. There are numerous offices, conference rooms, restrooms/locker rooms, and storage areas. This property is suitable for an organization, group, or school. The flexible space is well-suited for a possible social center. The property is located on approximately 1.43 acres in an accessible location off Route I-93, near buses and major routes, and in close proximity to Medford Square, Cambridge, and Boston. The front entrance is directly on Route 28. Ample parking is available on the premises. The property is being leased in "as is" condition.

Key Highlights

  • Expansive space: Approximately 17,000 square feet spread throughout 3 levels.
  • Prime location: Accessible location off Route I‑93, near buses, major routes, Medford Square, and close to Cambridge and Boston.
  • Impressive auditorium: Approximately 380‑seat auditorium.

Property Analytics

Current Use

Schools

Suggested Use

Top Pick Restaurant Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair Parking Lot & Garage

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

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,327
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

Lease Benchmarks for Medford, MA

$11.5 /SF/Yr
Avg Asking Price
$8–$15 /SF/Yr
Price Range
18,500 SF
Avg Space Size

This space is priced 30% below the average of $11.5 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
School - Versatile 17,000 SF space near I-93 and Medford Square.
Where is this school located?
The property is located at 401 Fellsway West Medford, MA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Expansive space: Approximately 17,000 square feet spread throughout 3 levels.; Prime location: Accessible location off Route I‑93, near buses, major routes, Medford Square, and close to Cambridge and Boston.; Impressive auditorium: Approximately 380‑seat auditorium.
More about this property
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