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    FOR LEASE
    Commercial land

    48 Commercial St, Medford, MA 02155

    29,962 SF 1.53 ac lot Built 1959
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US38-1579625
    48 Commercial St, Medford, MA 02155 For Lease
    $4,035,000
    48 Commercial St, Medford, MA 02155
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    Property summary
    AI-generated overview

    This exceptional 1.5-acre commercial land parcel, located at 48 Commercial Street in Medford, Massachusetts, presents a unique opportunity for businesses seeking a convenient and functional laydown or staging area. Situated in Middlesex County (zip code 02155), the property boasts 65,000 square feet of flat, paved land, providing ample space for equipment storage, material staging, or construction activities. The site features convenient curb access, ensuring easy loading and unloading for trucks and delivery vehicles. Existing electrical service is already in place, simplifying the setup process for any operation. Its strategic location offers close proximity to Downtown Medford, providing excellent access to major transportation routes and the broader Metro Boston area. The property is zoned for Commercial Industrial use, making it suitable for a wide range of commercial and industrial applications. This prime location and the property's features make it an ideal solution for contractors, developers, or businesses requiring a secure and accessible outdoor storage or staging area within a thriving commercial hub. The single-tenant occupancy allows for complete control and customization of the space. This is a rare opportunity to acquire a well-situated, ready-to-use commercial land parcel in a highly desirable location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1959
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 29,962 SF
    Lot 1.53 ac (66,647 SF)
    APN MEDF M:R-14A B:0005
    UPID US38-1579625
    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
    • Colonial Nissan Drop Yard Storage Facility Parking Lot & Garage
    • Sweetleaf Boston Dispensary (Bike/Boat/Book/etc) Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.04M
    Owner & transaction history
    Empire Mgmt Corp · 19 yrs held
    Empire Mgmt Corp
    since 2006
    4 recorded transactions
    2009
    2007
    2006
    $1.7M
    1998
    $917,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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