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Active

437-445 Franklin St. Melrose. MA 02176

$949,000

Commercial Sale

0 Bedrooms

0 Bathrooms

4,448 sq ft

0 Parking Spots

Built in 1914

Introducing a prime investment opportunity in the heart of Melrose, MA. This 4,448 SF building offers a lucrative venture in the thriving Melrose Market. With a coveted BA-2 zoning, this property presents a wealth of possibilities for Retail / Street Retail and mixed-use investors and developers. This transit oriented development site sits steps away from the Melrose MBTA line. An opportunity not to be missed!

This listing has been viewed 9 times in the past 49 days

Last Updated: November 25th, 2024 at 6:38am

General Information for 437-445 Franklin St., Melrose, Massachusetts 02176

Property TypeCommercial Sale

Price$949,000

MLS #73268569

List Date2024-07-23

Special Listing Conditions

StateMassachusetts

Street NameFranklin St.

Unit

CityMelrose

Zip Code02176

CountyMiddlesex

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total4448

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress437-445 Franklin St., Melrose MA 02176

Zoning

Zoning DescriptionLegal Conforming

Business TypeCommercial

Interior Features for 437-445 Franklin St., Melrose, Massachusetts 02176

* Approx. Living Area Total4,448 sq ft

MLS Area (Major)

OffMarketDate18/10/2024

Exterior Features for 437-445 Franklin St., Melrose, Massachusetts 02176

* Parking Spaces0

* Year Built1914

Year Built Details

Year Built Source

Construction Materials

Approx. Street Frontage

Utilities

Disclosures for 437-445 Franklin St., Melrose, Massachusetts 02176

Buyer Agent Compensation2

Contingency

Financing

Disclosures

Documents Available

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation0

TransactionBrokerCompensationType

BuyerAgencyCompensationType

Financial Information for 437-445 Franklin St., Melrose, Massachusetts 02176

Association Fee$0

Association Fee Frequency

Associaton Fee Includes

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease Type

OriginalListPrice$899,900

Lifestyle Information for 437-445 Franklin St., Melrose, Massachusetts 02176

Association Amenities

Frontage Type

GarageYNNo

Location information for 437-445 Franklin St., Melrose, Massachusetts 02176

Marketing History for 437-445 Franklin St., Melrose, Massachusetts 02176

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate2024-10-18

Agent Information for 437-445 Franklin St., Melrose, Massachusetts 02176

Agent MLS IDCT004592

Office MLS IDAN2491

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Exclusive Listing Agent

Gianni De Palma

GDP Real Estate Group, LLC

Agent Phone

(978) 804-4450

Office Phone

(978) 804-4450

Text Agent Call Agent Call Office

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            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 978-804-4450
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 978-804-4450
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3183] => Array
        (
            [field_id] => 3183
            [type] => number
            [name] => BuildingAreaTotal
            [value] => 4448
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2
        )

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 0
        )

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 23/07/2024
        )

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 4,626 Sqft
            [raw] => 4626
            [unit_id] => 1
        )

[field_3229] => Array
        (
            [field_id] => 3229
            [type] => date
            [name] => OffMarketDate
            [value] => 18/10/2024
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 899900
            [unit_id] => 260
            [value] => $899,900
            [price_only] => $899,900
        )

[field_3234] => Array
        (
            [field_id] => 3234
            [type] => textarea
            [name] => PrivateOfficeRemarks
            [value] => Buyer/buyers agent responsible for any and all due
        )

[field_3237] => Array
        (
            [field_id] => 3237
            [type] => date
            [name] => PurchaseContractDate
            [value] => 18/10/2024
        )

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 437-445 Franklin St., Melrose MA 02176
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Legal Conforming
        )

[f_3247] => Array
        (
            [field_id] => 3247
            [type] => feature
            [name] => BusinessType
            [values] => Array
                (
                    [0] => Commercial
                )

)

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 24/07/2024 02:16:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 0
        )

)

EXIT