Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Atm
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Bank Loan Service
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Atm
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Malden market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CB · Malden, MAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CB in Malden, MA.
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