$1,199,999
283-289 Salem St
Malden, MA, 02148
Great opportunity to acquire 283–289 Salem Street in Malden, a strategically located 3-unit commercial property offering an attractive combination of existing income potential, established retail presence, and long-term upside. The property currently has 2/3 units leased. Unit #283 was gut renovated in 2024 and is currently vacant (coffee shop) last rent was $2000/month, Unit 285-287 is a double wide unit renovated in 2023 and currently leased to a beauty salon paying $2500/month, Unit 289 is currently leased to a cell phone sales and repair shop paying $2200/month. This property is an excellent opportunity for an owner-user, investor, or entrepreneur seeking a property with an existing business environment. Positioned along Salem Street, the property benefits from strong neighborhood visibility and convenient access to Malden’s surrounding residential and commercial areas. The location provides an ideal setting for a variety of retail, food-service, professional, and other commercial uses, subject to applicable zoning and permitting. **Buyer & Buyers Agent responsible for their own due diligence in confirming accuracy of information provided, permitting and licenses**
Property Details
Price:
$1,199,999
MLS #:
73587560
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Oct 7, 2026
Finished Sq Ft:
1,560
Total Sq Ft:
1,560
Lot Size:
2,060 sqft / 0.05 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Financial
Tax Year
2026
Taxes
$8,841
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Malden as of Oct 26, 2026
16
Commercial Listed
173
Avg DOM
505
Avg $ / SqFt
$1,438,931
Avg List Price
Community
- Address283-289 Salem St Malden MA
- CityMalden
- CountyMiddlesex
- Zip Code02148
Subdivisions in Malden
Similar Listings Nearby
Property Summary
- 283-289 Salem St Malden MA is a Commercial for sale in Malden, MA, 02148. It is listed for $1,199,999 To schedule a showing of MLS#73587560 at 283-289 Salem St in Malden, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Fellsway Realty, LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
283-289 Salem St
Malden, MA