399 Main St Malden, MA 02148
For Sale
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This iconic 24,000 square foot free-standing building, located at 399 Main Street in Malden, Massachusetts (02148), presents a unique opportunity. Formerly a bank, this four-story structure, built in 1922, boasts 13-foot ceilings and has been fully demolished and abated, offering a blank canvas for a variety of uses. The building is zoned for Central Business and features multiple suites, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 24,000 square feet. Conveniently located at the intersection of Main and Pleasant Streets, the property benefits from high visibility and proximity to a 45-car municipal parking lot and a 600-car parking garage. An elevator services all four floors, and some outdoor space is available. The building's location is advantageous, adjacent to Malden High School and within the nation's only Gaming District. The property is available for sale, with the potential for subdivision into two 12,000 square foot commercial condominiums. The entire 24,000 square feet is currently vacant. This versatile space is suitable for traditional, creative, or medical office uses, as well as retail or restaurant purposes.
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Citizens Bank ATM Atm
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Medford Bank Bank Loan Service
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Citizens Atm
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
CB · 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.