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    399 Main St Malden, MA 02148

    Sponsored
    For Lease
    $17 SF/Yr

    Iconic downtown Malden office space.

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This iconic 24,000 square foot free-standing building, located at 399 Main Street in Malden, Massachusetts (02148), presents a unique opportunity. Formerly a bank, this four-story structure, built in 1922, boasts 13-foot ceilings and has been fully demolished and abated, offering a blank canvas for a variety of uses. The building is zoned for Central Business and features multiple suites, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 24,000 square feet. Conveniently located at the intersection of Main and Pleasant Streets, the property benefits from high visibility and proximity to a 45-car municipal parking lot and a 600-car parking garage. An elevator services all four floors, and some outdoor space is available. The building's location is advantageous, adjacent to Malden High School and within the nation's only Gaming District. The property is available for sale, with the potential for subdivision into two 12,000 square foot commercial condominiums. The entire 24,000 square feet is currently vacant. This versatile space is suitable for traditional, creative, or medical office uses, as well as retail or restaurant purposes.

    Property Features for 399 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Total Rate
    34000

    Building Details

    Year Built
    1922
    Stories
    4

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    24,000 SF
    Rate per SF
    $29
    Space
    Available Space 1
    Size
    6,000 SF
    Rate per SF
    $30

    HighLights

    • Iconic 24,000 SF free‑standing building at 399 Main Street, Malden, MA (02148).
    • Fully demolished and abated, offering a blank canvas for various uses.
    • Zoned for Central Business, divisible into spaces from 6,000 SF to 24,000 SF contiguous.
    • High visibility location at Main & Pleasant Streets, near municipal parking (45 spaces) and a 600‑space garage.
    • Four‑story building with elevator, 13‑foot ceilings, and some outdoor space.
    • Adjacent to Malden High School and in the nation's only Gaming District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citizens Bank ATM Atm Medford Bank Bank Citizens Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.067251952647
    Latitude
    42.42650960235

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    FAQs

    What type of property is this?
    Restaurant - Iconic downtown Malden office space.
    Where is this restaurant located?
    The property is located at 399 Main St Malden, MA.
    What is the lease rate?
    The lease rate is $29-$30 SF/Yr.
    What are key features of this property?
    This property features: Iconic 24,000 SF free-standing building at 399 Main Street, Malden, MA (02148).; Fully demolished and abated, offering a blank canvas for various uses.; Zoned for Central Business, divisible into spaces from 6,000 SF to 24,000 SF contiguous.
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    399 Main St Malden, MA 02148
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    Malden, MA 02148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    399 Main St Malden, MA 02148
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