$3,500,000
Active175 Mystic Ave
Medford, MA, 02155
Commercial · MLS #73563153
Days on market
8 days
Lot size
0.45 ac
0.45 acres
Lot
About this home
Value-Add Investment / Redevelopment Opportunity. A rare assemblage of nearly 20,000 SF of land in the heart of Medford's Mystic Avenue Corridor, offering investors both stable in-place income and significant long-term upside. The site is improved with two concrete block buildings featuring versatile office and garage space with clear heights ranging from 10' to 14' ideal for a range of commercial, industrial, or flex users. Current tenants operate under flexible Tenant-at-Will agreements, providing ownership with a clear path to reposition the asset on their timeline. Boasting approximately 190 feet of prime street frontage, the property benefits from excellent visibility and access along one of Medford's most actively evolving corridors. Most notably, the property sits within the MX-2 subdistrict of the Mystic Avenue Corridor, which permits multi-family and mixed-use development by right eliminating much of the entitlement risk typically associated with redevelopment plays. As the corridor continues to attract new investment, 175 Mystic Ave represents a compelling opportunity to acquire a well-located site with a clear runway toward its highest and best use.
Location
175 Mystic Ave, Medford, MA, 02155
Property details
- Parking
- 21+ Spaces, Improved Driveway, Paved Driveway
Listed by Christopher Barnard · Barnard Real Estate Advisors, LLC
Schedule a showing
175 Mystic Ave
Estimated payment
$22,952 / month
Loan term
- Principal & interest
- $17,994
- Property tax
- $3,500
- Home insurance
- $1,458
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).