290 Main St Stoneham, MA 02180-3589
- Retail space
- 17,480 SF
- 0.78 lot acres
Dec 31, 2024
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 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
- Stoneham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0996
- Latitude
- 42.4823
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
