48 Commercial StMedford, MA 02155

  • Commercial land
  • 29,962 SF

Property Details for 48 Commercial St

Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.53 AC
Property size (Sq ft)
29,962 SF
Property type
Commercial land
APN
MEDF M:R-14A B:0005
APU
MEDFMR14AB0005

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,669,982
    Hospitality
    $5,193,674
    Educational
    $4,321,075
    Medical
    $4,469,684
    Retail
    $6,721,672

Location Insight

City
Medford
County
Middlesex
State
Massachusetts
Latitude
42.4088
Longitude
-71.0877
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$25,501
$1,553,100
$900
$1,554,000
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-
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