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    399 Main St Malden, MA 02148

    For Sale
    Contact for pricing

    24,000 SF Mixed-Use Opportunity

    Property size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This iconic, free-standing building at 399 Main Street in Malden, Massachusetts, presents a unique mixed-use investment and/or leasing opportunity. Located in the heart of Malden Square, this 24,000 square foot property boasts four stories, including a finished lower level, all served by an elevator. The building previously functioned as a bank, church, and school, offering versatile potential for a variety of uses. Currently vacant and fully demoed, the interior is a blank slate ready for immediate customization. High ceilings throughout provide ample space and flexibility. The property sits on a 0.18-acre lot and benefits from excellent visibility at the intersection of Main and Pleasant Streets. Adjacent to a 45-car municipal parking lot and a block from a 600-car garage, parking is readily available. The building is zoned for Central Business use and allows for potential subdivision into units as small as 5,000 square feet, with the possibility of creating two 12,000 square foot commercial condominiums. Some outdoor space is available. This prime location is across from Malden High School and within the nation's only Gaming District, offering significant potential for growth and high visibility. The property is available for both lease and sale.

    Property Features for 399 Main St

    General Information

    Property type
    Schools
    Square Feet
    24,000 SF
    Lot Size
    7,841 SF

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • Iconic 24,000 SF, four‑story mixed‑use building in Malden, MA.
    • Fully vacant and demoed, ready for immediate customization.
    • Located in Malden Square at Main & Pleasant Streets, with high visibility.
    • 0.18‑acre lot with ample parking nearby.
    • Central Business zoning allows for subdivision or creation of two 12,000 SF commercial condos.
    • Available for sale or lease.
    Property Profile Insight Report 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
    -71.0557196
    Latitude
    42.4326041

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    FAQs

    What type of property is this?
    School - 24,000 SF Mixed-Use Opportunity
    Where is this school located?
    The property is located at 399 Main St Malden, MA.
    What are key features of this property?
    This property features: Iconic 24,000 SF, four-story mixed-use building in Malden, MA.; Fully vacant and demoed, ready for immediate customization.; Located in Malden Square at Main & Pleasant Streets, with high visibility.
    Request Owner's contact information
    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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