230 Salem St, Malden, MA 02148-4113
This 1,872 square foot commercial building, located at 230 Salem Street in Malden, Massachusetts (zip code 02148), presents a versatile investment opportunity. Situated on a 5,715 square foot lot, this single-story, one-unit building is zoned NB and offers significant potential for a variety of uses. Previously a convenience store, the property currently houses a laundromat with 28 washers and 41 dryers, offering a potential buyer the option to continue this operation or pursue other commercial ventures. The high-traffic location on Salem Street provides excellent visibility and accessibility. The building, renovated in 1974, offers on-site parking for eight vehicles. The property is being sold "as is" and is available for showing. The space could accommodate a single user or be easily converted into multiple leased spaces, suitable for businesses such as salons, offices, or food service establishments. Occupancy is available October 1, 2024. The asking price is available upon request.
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Salem Street Laundry (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
NB · Malden, MAMalden. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.