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399 Main St 24,000 SF 100% Leased Retail Building Malden, MA 02148 $3,300,000 ($137.50/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic.
EXECUTIVE SUMMARY
Opportunity Zone property. Iconic free-standing Malden Square building in the heart of downtown available for sale or lease. 24,000 sq ft former bank building with 3 full levels plus a finished lower level with high ceilings throughout. With the exception of the bank safe the interior has been fully demo'd and abated, so is a blank slate currently. The building is adjacent to a 45 car municipal parking lot and a block away from a 600 car parking garage. Great visibility with location at the gateway to downtown Malden and directly at the intersection of Main St and Pleasant St. Full 24K sq ft building available with potential subdivision as small as 5K sq ft. All four levels are served by an elevator. Some outdoor space is available for patio seating. Across the street from Malden High School and part of the nation's only Gaming District.
https://www.maldengamingdistrict.com
Potential to subdivide and sell as two separate commercial condo's of 12K SF each.
https://www.maldengamingdistrict.com
Potential to subdivide and sell as two separate commercial condo's of 12K SF each.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,000 SF
Building Class
C
Year Built
1900
Price
$3,300,000
Price Per SF
$137.50
Percent Leased
100%
Building Height
4 Stories
Building FAR
3.06
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CB - Central business district
Parking
645 Spaces (26.88 Spaces per 1,000 SF Leased)
Frontage
69’ on Main St
AMENITIES
- 24 Hour Access
- Bus Line
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 6,000 SF
- Office/Retail
- -
- 90 Days
- 2nd Floor
- 6,000 SF
- Office/Retail
- -
- 90 Days
- 4th Floor
- 6,000 SF
- Office/Retail
- -
- 90 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,000 SF | Office/Retail | - | 90 Days |
| 2nd Floor | 6,000 SF | Office/Retail | - | 90 Days |
| 3rd Floor | 6,000 SF | Office/Retail | - | 90 Days |
| 4th Floor | 6,000 SF | Office/Retail | - | 90 Days |
1st Floor
| Size |
| 6,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 90 Days |
2nd Floor
| Size |
| 6,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 90 Days |
3rd Floor
| Size |
| 6,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 90 Days |
4th Floor
| Size |
| 6,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 90 Days |
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Floor
| Size | 6,000 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 90 Days |
Walk Score®
Walker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MALD-000075-000272-000203 | Improvements Assessment | $1,119,800 |
| Land Assessment | $487,100 | Total Assessment | $1,606,900 |
PROPERTY TAXES
Parcel Number
MALD-000075-000272-000203
Land Assessment
$487,100
Improvements Assessment
$1,119,800
Total Assessment
$1,606,900
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
399 Main St
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