Malden Square Freestanding
For Lease
Contact for pricing
399 Main St, Malden, MA 02148
Iconic 24,000 sq ft building in downtown Malden.
Space Size6,000 SF - 24,000 SF
Days on Market857
Property Features for 399 Main St
General Information
Standard status
Active
Size
6,000 SF - 24,000 SF
Property subtype
Retail, Office, Restaurant
Lease Type
NNN
Building Details
Building Size
24,000 SF
Year Built
1922
Tenancy
Multiple
Spaces For Lease
at 399 Main St Contact usAvailable Space 1 Active
Size
6,000 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Available Space 2 Active
Size
24,000 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Listing Agency:
Pondfield Commercial Group
Listed By:
Mike Chapin · License #MA 9504179
Source:
Crexi
Added: May 30, 2024
Changed: Aug 14
Last Checked: Aug 14 at 5:57AM
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 Pondfield Commercial Group
Investment Insights
Based on property information with market context.
This iconic free-standing building is situated in the heart of downtown Malden Square. The former bank building offers 24,000 sq ft of space across three full levels, plus a finished lower level, all featuring high ceilings. The interior, with the exception of the bank safe, has been fully demo'd and abated, presenting a blank slate for customization. The building benefits from its adjacency to a 45-car municipal parking lot and proximity to a 600-car parking garage. It enjoys high visibility at the gateway to downtown Malden, located directly at the intersection of Main St and Pleasant St. The full 24,000 sq ft building is available, with potential subdivision options as small as 5,000 sq ft. An elevator serves all four levels. Some outdoor space is available for patio seating. The property is located across the street from Malden High School and within the nation's only Gaming District. The property is available for sale as well, along with the potential to subdivide and sell as two separate commercial condos of 12,000 sq ft each.
Key Highlights
- 24,000 sq ft free‑standing building in downtown Malden.
- Prime location at the intersection of Main St and Pleasant St, gateway to downtown.
- Potential for subdivision into smaller units (as small as 5K sq ft or two 12K sq ft commercial condos).
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 29%
Dining 15%
Electronics 8%
Stop & Shop
Groceries
71,257 visits/mo
0.2 miles
Dunkin' Donuts
Dining
16,186 visits/mo
0.2 miles
Bank of America
Shops & Services
13,760 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,925 visits/mo
0.4 miles
Mobil
Shops & Services
8,192 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Iconic 24,000 sq ft building in downtown Malden.
Where is this bank located?
The property is located at 399 Main St Malden, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 24,000 sq ft free‑standing building in downtown Malden.; Prime location at the intersection of Main St and Pleasant St, gateway to downtown.; Potential for subdivision into smaller units (as small as 5K sq ft or two 12K sq ft commercial condos).
