53 Locust St Medford, MA 02155-5713
- Banks
- 4,623 SF
- 0.47 lot acres
Current Use by Public Records
- Eastern Bank / Bank / Atm
- Locust St Dog Park / Dog Park
Property Details for 53 Locust St
- Year built
- 2007
- Construction
- FRAME
- Lot size
- 0.47 lot acres
- Property size
- 4,623 SF
- Property type
- Banks
- APN
- MEDF M:7-01 B:0011.A
- APU
- MEDFM701B0011A
Description
This exceptional 4,623-square-foot retail or office space presents a unique opportunity in Medford, Massachusetts. Located at 53 Locust Street, this single-tenant property boasts a prime location within a thriving commercial area. The building, constructed in 2007, is a two-story, freestanding structure situated on a generous 4.7-acre lot (20,502 square feet). The property's former use as a bank branch offers a well-maintained interior and convenient features, including a two-lane drive-thru and ample on-site parking for nine vehicles. The zoning is classified as "I," offering flexibility for various commercial uses. The building's excellent condition and strategic location benefit from the strong retail synergy of the nearby Wegman's and Kohl's anchored Community Center, as well as a dense residential population. The entire 4,623 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is ideal for businesses seeking high visibility and convenient access in a bustling Medford neighborhood. The substantial lot size offers potential for future expansion or development.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $320,000
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Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0932
- Latitude
- 42.4081
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
