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    Property profile & analytics
    OFF-MARKET
    Retail space

    230 Salem St, Malden, MA 02148-4113

    1,920 SF 0.13 ac lot Built 1974
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-1836935
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1974
    Construction STEEL FRAME
    Total area 1,920 SF
    Lot 0.13 ac (5,715 SF)
    Zoning code NB
    APN MALD M:093 B:708 L:801
    UPID US38-1836935
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Salem Street Laundry (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jw RT · 1 yrs held
    Jw RT
    since 2025
    Last sale
    $1.1M
    6 recorded transactions
    2025
    $1.1M
    2022
    2020
    $550,000
    2011
    2010
    1997
    $179,500
    Zoning & alternative use
    NB · Malden, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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