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Melrose Retail Investment Opportunity

437 Franklin Street Melrose MA USA, Melrose, MA 02176

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For Sale

$800,000

Prime Melrose location near MBTA, ideal for retail investment.

Type:Retail

Property size:

4,448 SF

Lot size:

0.11 Acres

Price / SF:

$179/SF

HighLights

Prime location in Melrose, MA, offering a blend of suburban charm and urban convenience.
BA‑2 zoning allows for retail/street retail and mixed‑use development, presenting a lucrative investment opportunity.
4,448 SF building suitable for redevelopment.
Close proximity to the Melrose MBTA line for convenient access to Boston.
High foot traffic area, ideal for retail businesses.
Corner lot of .106 acres.

We can help!

Contact an agent

Chris Melanson

For Sale

$800,000

Prime Melrose location near MBTA, ideal for retail investment.

Type:Retail

Property size:

4,448 SF

Lot size:

0.11 Acres

Price / SF:

$179/SF

Added:: Mar 6, 2026
Days on Market:: 122
Last Refresh:: Apr 5 at 10:15 pm

Property Features for 437 Franklin Street Melrose MA USA

General Information

Standard status: Active
Size: 4,448 SF
Lot size: 0.11 Acres
Property subtype: Retail

Building Details

Year Built: 1914

We can help!

Contact an agent

Chris Melanson

Listing office

Listing date Mar 6, 2026

Source Masscommercialproperties

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 Chris Melanson

HighLights

Prime location in Melrose, MA, offering a blend of suburban charm and urban convenience.
BA‑2 zoning allows for retail/street retail and mixed‑use development, presenting a lucrative investment opportunity.
4,448 SF building suitable for redevelopment.
Close proximity to the Melrose MBTA line for convenient access to Boston.
High foot traffic area, ideal for retail businesses.
Corner lot of .106 acres.

Overview

Located in Melrose, MA, this 4,448 SF building presents a retail investment opportunity. The property is zoned BA-2, offering possibilities for retail and mixed-use investors and developers. Situated near the Melrose MBTA line, it represents a transit-oriented development site. The surrounding area combines suburban charm and urban convenience, featuring boutique shops, cafes, and eateries in its historic downtown. With convenient access to Boston's business district and proximity to Spot Pond, the location balances work and leisure, making it suitable for mixed-use redevelopment. The property benefits from high foot traffic and is located on a corner lot of 0.106 acres, minutes from MBTA train and bus stops.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$97.7k	$21.96
− Vacancy	−$6.3k	−$1.43
EGI	$91.3k	$20.53
− OpEx	−$27.4k	−$6.16
NOI	$63.9k	$14.37

4,448 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$913.3K

$799.1K – $1.07M (±1% cap)

NOI $63,930 @ 7.0% cap · market cap 7.99%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.63M

$2.30M – $3.07M (±1% cap)

NOI $184,324 @ 7.0% cap · market cap 23.04%

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

Property Profile Location Intelligence

Current Use by Public Records

Faulkner’s Green Dry ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Melrose
County: Middlesex
State: Massachusetts
Longitude: -71.0678
Latitude: 42.4689

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For sale
Retail space
MA
Melrose
02176
437 Franklin Street Melrose

What type of property is this?

Retail space - Prime Melrose location near MBTA, ideal for retail investment.

Where is this retail space located?

The property is located at 437 Franklin Street Melrose MA USA Melrose, MA.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Prime location in Melrose, MA, offering a blend of suburban charm and urban convenience.; BA‑2 zoning allows for retail/street retail and mixed‑use development, presenting a lucrative investment opportunity.; 4,448 SF building suitable for redevelopment.