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1,560 sqft

$1,199,999

283-289 Salem St, Malden MA, 02148

Price per sqft$769.23
Built in1900
Property size1,560 sqft
Property typeCommercial

Overview

Active

New

Listed Oct 7, 2026

Updated 9h ago

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**

Additional information

MLS® ID
73587560

Interior Features

Basement
No

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$8,841
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Walace Nogueira with

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Data last updated 4:26 AM UTC, 10/8/2026

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