SQUARE FEET99,999
MLS#73577845
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.45 Acres
Taxes: $26,596
Year Built: 1928
Feature Descriptions
Building Area Total: 99999
Community Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 1
Dwelling Type: 5-9 Family
Frontage: 190.00
Lot Features: Corner Lot, Easements, Level, Other
Open Parking Y/N: Yes
Parcel Number: M:R10 B:0031 L:0000,643548
Parking Features: Paved Drive, Paved
Parking Total: 22
Rooms Total: 0
Sewer: Public Sewer
Special View Info: City View(s)
Water: Public
Local Schools
High School: Medford High School
Middle School: Ask City
Elementary School: Ask City
Listed By / Shown By
Listed By
Agency Name: Barnard Real Estate Advisors, LLC
Agent Name: Christopher L. Barnard
Agency Phone: 781-953-9713
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 11,026.65 per month $7,789.48 Principal & Interest $2,216.33 Property Tax $1,020.83 Homeowner's Insurance
175 Mystic Ave | MLS# 73577845
This multi-family property located at 175 Mystic Ave, Medford, MA 02155 is currently listed for sale with an asking price of $3,500,000. Search Medford real estate on www.masiellogrouprealestate.com today.