393 Main St, Medford, MA 02155
For Lease
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This exceptional commercial property, situated at 393 Main Street in Medford, Massachusetts, presents a unique investment opportunity. Located near the intersection of Main and Harvard Streets, this high-traffic area ensures excellent visibility and accessibility. The property boasts a substantial single-story building currently configured as two storefronts, offering immediate income potential. The building comprises a spacious 6,903 square foot first floor and a 4,797 square foot basement, providing ample space for a variety of uses. The sizable 7,676 square foot lot (0.18 acres) offers significant potential for redevelopment or new construction. Its prime location offers easy access to public transportation, with close proximity to the MBTA Green Line and a half-mile from Route 93, ensuring convenient commutes for employees and customers. The property is zoned Commercial (C-1), opening doors to a wide range of development possibilities. This versatile property is ideal for savvy investors seeking a strong foothold in a thriving Medford location, offering both immediate income and long-term growth potential. The combination of existing commercial space and significant redevelopment potential makes this a truly unique opportunity. Serious inquiries are encouraged.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.