437-445 Franklin Street, Melrose, MA

437 Franklin Street, Melrose, MA USA Melrose, MA 02176

437 Franklin Street, Melrose, MA USA, Melrose, MA, 02176
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FOR SALE
Property Type:
Street Retail
Amount:
$800,000
Last Verified:
Apr 29, 2024

Highlights

  • - 4,448 SF Building
  • - Zoned BA-2 for retail investment
  • - Prime location in Melrose, MA
  • - High foot traffic for retail businesses
  • - Corner Lot of .106 Acres
  • - Minutes to MBTA Train and Bus stop

Description

Introducing a prime investment opportunity in the heart of Melrose, MA. This meticulously-maintained 4,448 SF building offers a lucrative venture in the thriving Melrose area. With a coveted BA-2 zoning, this property presents a wealth of possibilities for Retail / Street Retail and mixed-use investors and developers seeking a once in a generation opportunity. Boasting location only a stones throw away to the Melrose MBTA line this is the transit oriented development site you've been waiting for.

Prime redevelopment opportunity in the vibrant community of Melrose, MA! The area surrounding the property embodies the perfect blend of suburban charm and urban convenience. With its historic downtown area boasting an array of boutique shops, cozy cafes, and inviting eateries, there's always something to explore. Just a short commute to Boston, the location provides seamless access to the city's bustling business district, while also being close to the serene shores of Spot Pond. This prime location offers a balance of work and leisure, making it an ideal setting for a mixed-use redevelopment.


Year Built: 1914
Building Size: 4448sq ft
Lot Size: 0.11 acres


Documents

Offering Memorandum (L) - REBRAND 2023

Map of 437 Franklin Street, Melrose, MA USA, Melrose, MA, 02176

Presented by:
MANSARD

Request additional information
Chris Melanson


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.