Mixed-Use Building with
New
For Sale
$1,900,000
700-714 Salem Street, Malden, MA 02148
Seven leased commercial spaces serve a mix of retail, service, food, personal care, and community uses.
Property Size10,291 SF
Lot Size0.28 Acres
Price / SF$184.63
Days on Market5
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Property Features for 700-714 Salem Street
General Information
Standard status
Active
Size
10,291 SF
Lot size
0.28 Acres
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
1
Building Size
10,291 SF
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Lexington
Listed By:
Rajive Dogra
(781) 862-2600
Source:
Cabotandcompany
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:47PM
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 Coldwell Banker Realty - Lexington
Investment Insights
Based on property information with market context.
This 10,291-square-foot mixed-use building contains seven street-level storefronts, all currently leased. Occupants include an eye doctor, personal trainer, restaurant, barbershop, and place of worship, alongside open-concept storefront space. A separate rear hallway connects the building, with access available from the front and rear. The property also includes a large open basement, separate utilities, gas heating systems, and circuit-breaker electrical systems. Built in 1920, the building sits on a level lot with just over 12,000 square feet of land.
The property is on Salem Street in Malden, with access to Routes 99 and 60.
The property is on Salem Street in Malden, with access to Routes 99 and 60.
Key Highlights
- 10,291‑square‑foot building with seven street‑level storefronts
- All seven spaces are presently leased
- More than 12,000 square feet of land on a level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,802
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,396,040
$3.4M
Cap Rate 7%
$2,425,743
$2.4M
Cap Rate 9%
$1,886,689
$1.9M
Market Conditions
NOI Build-Up for 10,291 SF
Gross rent
$308.7K $30.00/SF
− Vacancy
−$37.0K −$3.60/SF
EGI
$271.7K $26.40/SF
− OpEx
−$101.9K −$9.90/SF
NOI
$169.8K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,396,040
Cap Rate 7%
$2,425,743
Cap Rate 9%
$1,886,689
Alternative Uses
Best Use
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,763 @ 7.0% cap · market cap 10.15%
Second Best
Mixed Use
$2.43M
$2.12M – $2.83M
NOI $169,802 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$6.09M
$5.33M – $7.11M
NOI $426,456 @ 7.0% cap · market cap 22.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven leased commercial spaces serve a mix of retail, service, food, personal care, and community uses.
Where is this mixed-use property located?
The property is located at 700-714 Salem Street Malden, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,291‑square‑foot building with seven street‑level storefronts; All seven spaces are presently leased; More than 12,000 square feet of land on a level lot
