Franklin St Melrose, MA 02176
- Commercial real estate
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Franklin St
- Year built
- 1914
- Lot size
- 0.11 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment property, located on Franklin Street in the vibrant city of Melrose, Massachusetts, presents a compelling opportunity for discerning investors and developers. The 4,448 square foot building sits on a 0.11-acre lot and is zoned BA-2, allowing for a diverse range of uses, including retail, street retail, and mixed-use developments. Its strategic location offers unparalleled access to the Melrose MBTA commuter rail line, ensuring excellent transit connectivity for both residents and customers. This transit-oriented development site is ideally positioned within the thriving Melrose Market, a dynamic area known for its strong local economy and high foot traffic. The property's versatility and prime location make it an exceptional investment prospect with significant potential for future growth and profitability. The building's size and zoning provide ample opportunity for creative development, catering to a variety of business needs and market demands. This is a rare chance to acquire a significant asset in a highly desirable and rapidly developing area. Don't miss this chance to secure a piece of Melrose's vibrant commercial landscape. The asking price is $949,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0617
- Latitude
- 42.4669
