290 Main St Stoneham, MA 02180-3589
Property Lookup
Property profile & analytics
290 Main St Stoneham, MA 02180-3589
- Retail space
- 17,480 SF
- 0.78 lot acres
Property ID
US38-0493749
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 290 Main St
- Year built
- 1913
- Construction
- FRAME
- Lot size
- 0.78 lot acres
- Property size
- 17,480 SF
- Zone code
- CBD
- Property type
- Retail space
- APN
- STON M:17 B:000 L:189
- APU
- STONM17B000L189
Description
This exceptional Stoneham property, known as "The Rounds Building," presents a unique investment opportunity. Located at 290 Main Street, this approximately 17,000 square foot brick building sits on a sizable 3/4 acre lot. Currently, it houses a thriving 7,000 square foot hardware store and additional space comprising 7+ professional offices, warehouse space, and a loading dock. The property's strategic location at the intersection of Interstates 93 and 95 offers unparalleled access to Boston, public transportation, and the Middlesex Fells Reservation. Stoneham's vibrant downtown area is also within easy reach. The property boasts excellent parking and remarkable versatility. A feasibility study suggests potential for up to 40 residential or mixed-use units (buyer due diligence required). Approximately 25,000 square feet of the parcel is zoned Central Business District, with Main Street frontage, while over 9,000 square feet is zoned Residence B, fronting Central Street across from St. Patrick's Church. The asking price is $3,900,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,185,000
- 6.5%
- $3,865,000
- 7%
- $3,590,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,217,000
Market price range: $2.45M - $7.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,710,000 Current use
- RESTAURANT
- $5,075,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,920,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,845,000 Change: +3% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,515,000 Change: -4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,030,000 Change: -15% Conversion: Difficult
- OFFICE BUILDING
- $3,825,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stoneham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0996
- Latitude
- 42.4823
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$45,284
$926,600
$1,318,500
$2,245,100
-
$0.00
$0.00
$0.00
