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389 Main St
Malden, MA 02148 Malden Center

$1,500,000 USD

Medical Condo For Sale  •  6,033 SF

Property Details

  • Property Type Medical
  • Total Building Size 28,800 SF
  • Lot Size 0.23 AC
  • Building Class B
  • Year Built 1983
  • Tenancy Multiple
  • Zoning CB, Malden
68 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit 301-304 Office 6,033 SF $1,500,000 USD
  • Unit Size: 6,033 SF
  • Condo Use: Office
  • Price: $1,500,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $248.63 USD
Description
Full-floor office condo featuring 6,868 SF of versatile space in the heart of Malden Center. This property offers 3,008 SF of office space with five private offices, a large open area, and two bathrooms, along with 2,977 SF of first-class lab space and 883 SF of common space. Currently utilized as a single office condo, it is legally comprised of four separate units, providing flexibility for an owner-user or investor. The layout also allows for easy subdivision into two units for additional income potential. Dedicated parking is included, with additional parking available at the nearby Central Business District garage and surface lots. Prime location near banks, restaurants, shops, and public transportation, making it an excellent opportunity for businesses seeking a central, high-visibility location.

Sale Notes
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.

Description

Introducing 389 Main Street, Malden: a unique blend of office and lab space in the heart of Malden. This 6,868 SF office condo offers a mix of 3,008 SF of office space, 2,977 SF of lab space, and 883 SF of common space, making it an ideal opportunity for investors and owner-users alike. Boasting 5 private offices, a spacious open area, dedicated parking, and additional amenities, this property is a versatile investment with potential for additional income. Located in the vibrant Malden Square, it offers easy access to banks, restaurants, shops, and more, making it a prime investment opportunity in a bustling commercial district.

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

Property Flyers

Amenities

  • Banking
  • Bio-Tech/ Lab Space
  • Bus Line
  • Metro/Subway
  • Restaurant

Public Transportation

Commuter RailDriveWalkDistance
Malden Center (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 1 min 8 min 0.4 mi
Wyoming Hill (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 4 min - 2.0 mi
Transit/SubwayDriveWalkDistance
Malden Center Station (Orange Line - Massachusetts Bay Transportation Authority Subway (The T)) 1 min 8 min 0.4 mi
Oak Grove Station (Orange Line - Massachusetts Bay Transportation Authority Subway (The T)) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 14 min - 6.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
Bernard Gibbons 617-212-1369 ABG Commercial Realty
Bernard Gibbons 617-212-1369 ABG Commercial Realty