The Brissett Group LLC and First Place Realty Group LLC, Pena Realty Corp.
Eddie Brissett, The Brissett Group LLC and First Place Realty Group LLC, Pena Realty Corp.Phone: (617) 816-1426
Email: [email protected]
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listing
1 of 42
CommercialFor Sale
$1,350,000
385-387 Salem St
Malden, MA 02148
Courtesy of Leading Edge Real Estate - Tanyeli Ballinger
MLS Property Information Network
4Baths
6,055Sq Ft
Est. Mortgage
$7,068/mo

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.

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Information courtesy of Leading Edge Real Estate is subject to verification and is not guaranteed.
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