360 Salem StMedford, MA 02155

Property Details for 360 Salem St

Year built

1908

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

992 SF

Property type

Commercial real estate

APN

MEDF M:K-12 B:4901

APU

MEDFMK12B4901

Description

This exceptional Medford, MA office building presents a lucrative investment opportunity. Priced at $1,500,000, the property boasts three commercial spaces, two currently leased with multi-year contracts. One leased space is an 880 sq ft professional office generating $2,000+ monthly, and the other is a 992 sq ft hair stylist space also producing $2,000+ monthly. The third space, a 1914 sq ft owner/contractor office, includes 750 sq ft of enclosed rear storage. This versatile space offers potential for additional leasing or owner use. The property features eleven parking spaces, potentially gated, and includes two large (8'x40') materials storage trailers. Conveniently located near Boston and Route 93, this income-producing property offers easy access to major transportation routes. Owner financing is available. This is a rare opportunity to acquire a well-established, high-income-generating commercial building in a desirable location within the Boston Metro area, where affordable contractor spaces are becoming increasingly scarce.

• Alternative Use

  Use

  Valuation

  Residential

  $187,725

  Hospitality

  $171,955

  Educational

  $143,065

  Medical

  $147,985

  Retail

  $222,545

Location Insight

City

Medford

County

Middlesex

State

Massachusetts

Latitude

42.4221

Longitude

-71.0955

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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