389 Main St - Medical CONDO FOR SALE


Malden, MA 02148
$1,500,000 USD
617-212-1369
389 Main St, Malden, MA for Sale
$1,500,000 USD
Medical CONDO - FOR SALE
1/5
null | Request Cap Rate

Mar '25


389 Main St
Malden, MA 02148


HIGHLIGHTS

  • Versatile layout for various office configurations
  • Approved for light manufacturing with City of Malden
  • 3,005 SF of lab space
  • 5 private offices and large open area
  • Dedicated parking and additional amenities
  • Potential for additional income through subdividing units

OVERVIEW

Prime investment opportunity! This full-floor office condo offers excellent income potential, whether for owner-occupancy or as an investment. With a flexible layout, the space can be easily subdivided for multiple leasing strategies, including generating rental income while occupying part of the space. Located in Malden Center, a thriving business hub with excellent access to public transportation, major highways, and a dense mix of retail and dining options, this property offers strong long-term value for investors.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

City Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

28,800 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CB, Malden

APN/PARCEL ID

MALD-000075-000270-202101

ASK ABOUT THIS PROPERTY

Bernard GibbonsABG Commercial RealtyMore Info
617-212-1369

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Bernard GibbonsABG Commercial RealtyMore Info
617-212-1369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.