Medford Retail Space - For Rent & Sale
Typical Properties
Several notable architectural styles make up a significant portion of this town’s units, from modernist masterpieces to contemporary reuse projects that highlight the beautiful period details while providing state-of-the-art technological facilities.
Click Here to Search
Retail Space
The property at 399 Main Street is encased in a smooth plaster shell with a green accent line along the roof, which doubles as a placard. The building is located on the corner, and has multiple seperate entrances along the ground floor. The two story property features carpeted floors, polished wood trim around the doors, and drop tile ceilings. The large windows provide abundant amounts of light, while a central staircase joins the commercial suites on the ground floor to the offices on the second story. Located in the heart of South Medford, this structure is easily accessible from the street, and features large display panes on the ground level to facilitate the showcasing of goods and other visually appealing items.
For those seeking a traditional commercial complex configuration with abundant amounts of parking, the structure at 49 Locust Street has 60,356 square feet of space located 2.5 miles from the nearest MBTA Commuter Rail line. Built in 1994, this complex has a rectangular footprint and features enormous display windows that create a welcoming atmosphere. Business signage can either be mounted to the brick walls or encased in an illuminated sign that is mounted above the entryway to the commercial suites. Only 7.4 miles from the airport, this complex is ideal for big box tenants that value easy accessibility and configurable floor space.
The property at 196 Boston Avenue is located near the river, and features 37,717 square feet of total leasable area. Built in 1940, the structure is composed of brick and a series of arched windows with green shades. An enclosed entryway with a green awning creates a greenhouse-like effect for visitors. An adjacent parking lot makes this property easy to access, and suites of 477 to 1,658 square feet are available for lease. The building features numerous period details that have been artfully restored, and boasts an in-house design and construction team to execute custom build out requests and other tenant needs. Roughly one mile from Interstate 93, the building can be quickly accessed by car or train: the West Medford commuter rail station is 0.6 miles away. Only five miles from downtown Boston, this property is a perfect location for a thriving organization.
Meanwhile, the property at 200 Boston Avenue is a study in the splendor of glass and steel frame construction. Built in 1960, this 210,113 square foot complex is one of the most beautiful examples of modernism in the area. An enormous glass-encased central staircase functions not only as a practical means of traversing floors but as a stellar light well and quasi-atrium. The interiors feature suites ranging in size from 1,124 square feet to 4,139 square feet, and showcase high quality finishes on adaptable floor plans. Located 0.8 miles from the West Medford Commuter Rail and less than one mile from Interstate 93, the complex can be used for a number of different purposes, from commercial uses to research and development to office space. The onsite parking lot provides ample room for visitors and tenants alike.
Average Renting and Buying Prices
The average rent for commercial suites in this town is $2.00 per square foot, while the average purchase price is $150 per square foot.
The property at 454-464 Salem Street is located in a dense section of the city, with a busy sidewalk providing ample amounts of foot traffic throughout the day. Built in 1918, this low slung commercial unit has one story and 17,369 square feet of leasable space. An open access basement, which can be reached via the back of the building, adds additional storage space to the structure. Suites of 1,100 square feet are available for lease in this building, which has a lovely sandstone exterior and enormous front display panes. The interior features a drop tile ceiling and a polished concrete floor. The rent for this property ranges from $2.36 to $2.54 a square foot per month.
For those who enjoy a beautifully restored historic structure, the property at 595 Boston Avenue has everything. Built in 1923, the three story structure has banks of windows along the side that faces the street, and solid brick walls on either end. Multiple entrances are provided throughout the ground floor, which has a configurable floor plan perfect for most retail operations. With 20,050 square feet of leasable space, the property was originally a school, but is being leased for a variety of potential commercial purposes. The rent for this structure is $1.25 a square foot per month.
The property at 4110 Mystic Valley Parkway is located close to the banks of the Mystic River, and was built in 1985. It takes the form of a traditional commercial complex, replete with large display panes, illuminated business signage, and an onsite parking lot that is within a five mile radius of 750,000 residents. Located at the intersection of Route 16 and Route 28, the complex has a total of 55,000 square feet of leasable space. Commercial suites within this property range in size from 1,694 square feet to 3,109 square feet. The rent for this property ranges from $2.50 to $3.75 a square foot per month.
With an elegant curving storefront to suit its prime downtown location, the brick building at 5 High Street has 27,021 square feet of leasable area in a building built in 1920. With gorgeous exterior ornamentation and suites that are fairly adaptable to different commercial configurations, this property has suites that start at 600 square feet. The heavily walked sidewalk and busy intersection provide ample amounts of customers throughout the day and night. The rent for this property is $1.37 per square foot per month.
Those who relish elevated suites will enjoy the property at 278 Mystic Avenue, which features a row of units under which cars can park. With a stone and plaster exterior, this building has a welcoming vibe in addition to large windows that provide huge amounts of natural light. Located along Interstate 93, the 21,776 square foot property was built in 1971, and has been well maintained. Suites of 5,087 square feet are available, and include flexible floor plans perfect for almost any configuration. Located only 2.1 miles from the Porter Square Commuter Rail, the complex is also visible from Interstate 93. The rent for this property is $1.83 per square foot per month.
The property at 215 Salem Street was built in 1928, and is located in a dynamic section of downtown. With 4,239 square feet of leasable area, this classic storefront has been well maintained, and has a curving bank of display panes that provide an excellent visual connection to the sidewalk and adjoining street. With seperate entrances for the different suites, this property is ready for occupancy by multiple tenants. Suites of 2,300 square feet are available, and an underground space is provided. The rent for this property ranges from $2.08 to $2.50 per square foot per month.
Real Estate News
Due to its proximity to Boston, this neighborhood has become an excellent place for large scale office complexes that usually feature ground floor commercial suites. The town is the site of the administrative headquarters for Wynn Resorts, whose casino in neighboring Everett has opened up the area to other potential streams of revenue. The town has also witnessed a spurt of condo development in the form of repurposing a former school into luxurious condos that hit the market with prices of $535 a square foot.
This repurposing has not been limited to properties within the center of the city. A former boutique store lot has been bought by a big box retailer who plans to transform the plaza into a 32,000 square foot store, adding over 7,000 square feet to the complex. The complex will offer other suites for different commercial ventures, creating additional opportunities for business development.
In August 2017, the 1.67 acre parcel at 300 Mystic Avenue was purchased for $6 million dollars in order to develop a 500 unit development in the city. This development will include residential units as well as approximately 53,000 square feet of commercial suites. The sale is part of a larger plan that aims to create 450,000 square feet of commercial space within the larger region, a plan that will bring an estimated $428 million dollars in annual revenue, as well as $12.3 million in tax payments to the local government. This particular project is expected to generate $1.6 million in revenue and $1.3 million in taxes and fees.
Other recent major acquisitions in the area include the purchase of a 106,298 square foot building at 10 Cabot Road for $19,555,000, or $183.96 per square foot, in February 2018. The three story building was built in 1985 and is sited on a 5.89 acre parcel, and includes recent renovations that feature an onsite cafe and a fully refurbished lobby and common areas. The cafe can double as a meeting space for tenants, while the exterior areas feature an extensive array of seating for informal gatherings. Although the official plans for the building have not been specified, the area has seen a number of new housing and commercial developments that make this a potentially highly attractive site for an innovative new project.
The city has been gaining in popularity among investors and developers. Although its current commercial rates are relatively low, it would not be out of the question for the city to experience a fresh wave of growth soon, which would increasingly drive up prices for both renting and buying. Part of this has been spurred by an aggressive investment in the city’s cultural amenities, from its annual festival to its reliable public transit. Generally speaking, the city has a much faster turn around rate between when a property is listed and when it is purchased than the national average, making this area an attractive center for savvy investors.
Sign Up Benefits
From repurposed industrial parcels to beautifully restored historic structures, this city has a wide array of real estate options. Although you can spend the time checking on individual listings, serious investors know that time is money, which is why our viewing service helps you find the property you’re looking for with a minimum of fuss.
Our listings are updated regularly and feature the best new properties, along with detailed information on the amenities of those structures and lots. Our clients often are seeking specific configurations, both in terms of locale and features, and we have created a system which allows us to quickly match you with your ideal property. Whether you’re seeking a 1,200 square foot ground floor suite in the center of town or a 60,000 square foot big box suite with an open floor plan, we can rapidly identify the parcels that suit your needs the best. We also take the stress out of finding and lining up appointments. Thanks to our extensive network of contacts, we can line up appointments as soon as they are desired. We regularly work with brokers, agents, and property owners, so we understand where the best listings are, and how to get an appointment when it is most convenient for our clients.
Currently, we are taking an active interest in the variety of new commercial suites that are currently being proposed for the region. Several of these projects may still be seeking input from interested tenants who are seeking a particular build out or other configuration. We can help put you in touch with the responsible parties for these build outs.
We are also excited about the resurgence of so many historic properties close to downtown. Many of these structures have been restored or renovated, offering prime commercial suites in highly walkable neighborhoods. By actively monitoring the news from these areas, we are able to offer our clients the best possible deals as they become available, and help you secure advantageous lease terms. Whether you’re seeking a multi-year rental or a seasonal stay, we can work with our contacts to help you find the terms that best suit you and your business. No terms are too difficult to negotiate, especially when you have the full roster of our expertise on display.
When you sign up for our viewing service, you aren’t just receiving an excellent logistical service; you’re receiving years of hard-won, real world expertise. We thrive by helping our clients find the properties they desire, and creating sustainable business relationships that benefit everyone involved. The greater Boston area is poised to continue to grow at an impressive clip in the next few years and a decades. By signing up for our service now, you will be able to take advantage of our knowledge and talented associates to secure the property that will benefit you for years to come.
Click Here to Search
Retail Space