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385-387 Salem St, Malden, MA 02148
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$1,350,000
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Home Details for 385-387 Salem St
Price
$1,350,000
Type
Commercial/Industrial
Total Bathrooms
4
Year Build
1900
Sq. Ft.
6055
Lot Size
0.06
County
Middlesex
Tax
$14,854.8
MLS®️ Listing#
73374216
On exitrealty.com
155 days
Property Description
Nestled in the NB (Neighborhood Business) zone and directly on high-traffic bus routes (106, 108, 411, 430), this mixed-use asset offers seamless access to Malden Center, Sullivan Square (Orange Line), Linden, Somerville, Medford, Everett, Cambridge, and Boston. Surrounded by over 300 active businesses in a thriving commercial corridor, 385-387 Salem Street features four residential units and one commercial space—presenting immediate upside through lease-up of current vacancies. Recent upgrades include 4 new gas hot water tanks for residents and an electric hot water tank for the commercial unit. With separate utilities, ample street parking, and strategic access to Route 60, I-93, Route 1, and the Fellsway (Route 28), this property offers strong income with multiple value-add opportunities. Further due diligence may uncover additional paths for reconfiguration, subject to city permits. A compelling opportunity in a high-demand market for savvy investors. 2 Res & Comm Units vacant.
- Water Features
- Public
- Utilities
- Natural Gas Available
Listing Courtesy: Leading Edge Real Estate - 978-289-5860. Presented by: Tanyeli Ballinger
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2025 MLS Property Information Network, Inc. All Rights Reserved.
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EXIT PREMIER REAL ESTATE
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$1,350,000
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803