Analysis prepared for Nik Vasilakos 06/01/2023.
Fully leased retail building in downtown Malden center.
4 tenants paying under market rents.
Current market lease rate is $30-35 sqft.
Large basement througout the building.
3-4 parking spaces in rear.
Possible ability to develop and add floors for apartments/office above with special permit approved.
Current zoning is CB (Central Business).
Estimated 4 apartments or office depending on sqft designed.
Location Overview
Well located in downtown Malden just 5 miles north of downtown Boston.
