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Vacant Storefront Building
New
For Sale
$1,500,000

678 Salem St, Malden, MA 02148

The property is configured for office or retail use with no current leases.

Property Size2,840 SF
Days on Market4

Property Features for 678 Salem St

General Information

Standard status Active
Size 2,840 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $13,662

Building Details

Building Size 2,840 SF
Year Built 1935
Buildings 1
Owner Occupied No
Listing Agency: Stephen Cefalo Real Estate
Listed By: Stephen Cefalo
Source: Classifiedrealtygroup
Added: Aug 21 Changed: Aug 24 Last Checked: Aug 23 at 7:12AM

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 Cefalo Real Estate

Investment Insights

Based on property information with market context.

This commercial storefront building was constructed in 1935 and is currently vacant. The property includes two listed addresses, 678 Salem St. and 2 Lebanon St., with a layout plan available for the building’s actual square footage. Its configuration supports continued office or retail occupancy.

The building sits at the intersection of Salem St. and Lebanon St. in Malden. WalkScore is 86, indicating a very walkable setting, while TransitScore is 56 and BikeScore is 67. The property is available for acquisition and has no leases in place.

Key Highlights

  • Storefront building constructed in 1935
  • Two listed addresses: 678 Salem St. and 2 Lebanon St.
  • Configured for office or retail occupancy

Property Analytics

Current Use

Lucien Rug Cleaner Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

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

913
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 90% Shops & Services 7% Electronics 3%
McDonald's Dining
36,062 visits/mo 0.4 miles
Dunkin' Donuts Dining
12,912 visits/mo 0.2 miles
Honey Dew Donuts Dining
5,730 visits/mo 0.4 miles
Dunkin' Donuts Dining
5,713 visits/mo 0.1 miles
Domino's Pizza Dining
5,492 visits/mo 0.3 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • MARTIN'S FLORIST & GREENHOUSE 119 Lebanon St, Malden, MA 02148

Frequently Asked Questions

What type of property is this?
Storefront property - The property is configured for office or retail use with no current leases.
Where is this storefront property located?
The property is located at 678 Salem St Malden, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Storefront building constructed in 1935; Two listed addresses: 678 Salem St. and 2 Lebanon St.; Configured for office or retail occupancy
More about this property
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