Medford Main Street Retail Strip | Development — Sale in Medford, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Medford, MA 02155

Photos

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Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is excited to present the Medford Main Street Development opportunity located in Downtown Medford, MA, just 1/2 mile to Tufts University and 5-miles north of Downtown Boston. The current building is a single story, two-tenant structure with approximately 12,000 SF on .18 acres with 70-feet of frontage. Zoning for this location is C1 Commercial. The City of Medford allows for a five-story structure for this parcel location allowing many use cases. Since the 2020 pandemic, the City of Medford is in high demand for new development opportunities. The Main Street location presents investors and developers a rare-to-market opportunity to build commercial, residential and/or mixed-use structure in a highly demanded submarket north of Boston close to the best colleges/universities and employers in the country. Investment Highlights: • Main Street development opportunity located in the heart of Medford, MA. Just 1/2 mile to Tuft University and approximately 5-miles (15-minutes) north of Downtown Boston. • Currently a single story, two-tenant building with approximately 12,000 SF on .18 acres and 70 feet of frontage. Zoned C-1 which allows up to a five-story structure. • The City of Medford is currently undergoing a Zoning reform throughout the city which will allow new/improved use/dimension requirements. Multifamily/mixed-use development is encouraged.

Market Context

This multifamily in Medford, MA is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Medford, MA — view the full market.

As of Q1 2026, the Boston multifamily market showed average asking rents near $2966.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

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