Auto Repair and Autobody
62-64 Eastern Ave Malden Malden, MA 02148
62-64 Eastern Ave Malden, Malden, MA, 02148
$1,259,000
For Sale
$1,259,000
Auto-focused commercial building with finished space for repairs and autobody on a substantial lot.
Property Size3,514 SF
Price / SF$358.28
Days on Market48
Property Features for 62-64 Eastern Ave Malden
General Information
- Standard status
- Active
- Size
- 3,514 SF
Building Details
- Year Built
- 1910
Listing Agency
(508) 501-1443
Listed by
Stephen Rose
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 2:15 am
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 Stephen Rose
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently utilized for auto-related repairs and autobody services. The building includes 3,514 square feet of finished space, positioned on a 4,648 square foot lot, supporting an automotive operations layout under existing use.
The property is located in a high-traffic area of Malden with convenient access to public transportation. The remarks also note proximity to the Malden T Station and major highway routes, which can help support customer access and daily operations.
For buyers seeking an automotive-oriented facility, the property’s current configuration and auto-repair/autobody use may align well with businesses that require dedicated service space. The size of the finished building area and the on-site lot provide a practical foundation for an operator looking to continue auto services with fewer operational unknowns than a fully reimagined conversion would require.
The property is located in a high-traffic area of Malden with convenient access to public transportation. The remarks also note proximity to the Malden T Station and major highway routes, which can help support customer access and daily operations.
For buyers seeking an automotive-oriented facility, the property’s current configuration and auto-repair/autobody use may align well with businesses that require dedicated service space. The size of the finished building area and the on-site lot provide a practical foundation for an operator looking to continue auto services with fewer operational unknowns than a fully reimagined conversion would require.
Key Highlights
- Auto‑focused commercial building built in 1910
- 3,514 sq ft of finished space designed for auto‑related repairs and autobody services
- 4,648 sq ft lot size with existing auto repair and autobody use
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $21.96 |
| − Vacancy | −$5.0k | −$1.43 |
| EGI | $72.2k | $20.53 |
| − OpEx | −$21.6k | −$6.16 |
| NOI | $50.5k | $14.37 |
3,514 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$721.5K
$631.3K – $841.8K
NOI $50,506 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$534.0K
$467.2K – $623.0K
NOI $37,378 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,619 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- J.D.R towing Service — 28 Thacher St, Malden, MA 02148
- Ferry Street Services Station — 464 Ferry St, Everett, MA 02149
- Main Street Auto — 394 Main St, Everett, MA 02149
- Tires workshop & Detailing RF — 392 Pearl St, Malden, MA 02148
- Beyer Store — 180 Bradford St, Everett, MA 02149
FAQs
What type of property is this?
Auto shop - Auto-focused commercial building with finished space for repairs and autobody on a substantial lot.
Where is this auto shop located?
The property is located at 62-64 Eastern Ave Malden Malden, MA.
What is the asking price?
The asking price for this property is $1,259,000.
What are key features of this property?
This property features: Auto‑focused commercial building built in 1910; 3,514 sq ft of finished space designed for auto‑related repairs and autobody services; 4,648 sq ft lot size with existing auto repair and autobody use
