393 Main Street, Medford MA 02155

Medford, MA 02155
$5,500,000
$4,950,000
Est. $27,100/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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0.00
Acres
1950
Year Built
20
Days on Market
For Sale Price Drop -$550,000 Listed Sep 28, 2026 • MLS# 73583328 Copied! • Updated Oct 11, 2026

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About this home

Marcus & Millichap is excited to present the Medford Main Street Two-Tenant Retail & Mixed use Development opportunity located near the new MBTA Green Line, 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 C-1 Commercial. The City of Medford allows for a 5+-story structure for this parcel location allowing many use cases. 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 just north of Boston.

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Recently Sold Nearby

Price & Status History

Market Insights

1
Price Changes
10%
Price Range

Property Timeline

↓
Price Reduced
Oct 7, 2026
$4,950,000 $550,000 (-10%)
From $5,500,000 to $4,950,000 (-10.0%)
🏠
Listed for Sale
Sep 28, 2026
$5,500,000
Original listing
Agent: Matthew Pierce Office: Marcus & Millichap Real Estate Investment Services

Tax History

Year Taxes Assessment
2026 $22,445 —

Financial Details

Annual Property Tax
$22,445
Tax Year 2026

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1950
Lot Size 0.0000
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $22,445
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex

Property Overview

Listing Type
For Sale
Year Built
1950

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1950
Structure Type:
Exterior Materials:
Roof:
Foundation:

Utilities & Systems

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:
School District
Medford School District local
B+
✓ School Safety 2024-25
1.0% Low
0.8% Suspensions 0.1% In-School 0.2% Emergency
↓ 4.5% below state avg
E

Elementary Schools

6 schools
St. Joseph Elementary School
1.1 mi
Grades PK-08
St. Raphael Elementary School
1.8 mi
Grades PK-08
B+
Missituk Elementary School
0.4 mi | #313 of 825 | Score: 50.4
Improved 64 spots from last year
-7.9 below state avg
424 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
John J McGlynn Elementary School
0.6 mi | #417 of 825 | Score: 47.3
Improved 247 spots from last year
-10.9 below state avg
498 students Very Diverse
Rising School Diverse Student Body
Grades PK-05
B
Milton Fuller Roberts School
1.3 mi | #350 of 825 | Score: 48.9
Improved 197 spots from last year
-9.3 below state avg
534 students Diverse
Rising School Diverse Student Body
Grades PK-05
A+
Brooks School
1.5 mi | #2 of 12 | Score: 59.8
Improved 135 spots from last year
+1.6 above state avg
559 students Moderate
Rising School Strong Attendance
Grades PK-05
M

Middle Schools

2 schools
B+
Madeleine Dugger Andrews Middle School
0.7 mi | #132 of 352 | Score: 45.9
Improved 28 spots from last year
-12.3 below state avg
438 students Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
1.3 mi | #210 of 352 | Score: 39.9
Improved 26 spots from last year
-18.4 below state avg
439 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
A-
Medford High School
2.0 mi | #93 of 346 | Score: 61.4
Improved 25 spots from last year
+3.2 above state avg
1,210 students Diverse
19 sports • 1,212 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades PK-12
Curtis-Tufts School
0.1 mi
18 students Very Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,870
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

393 Main Street, Medford MA 02155

Medford, MA 02155

Listing Information

Listing Agent Matthew Pierce
Listing Office Marcus & Millichap Real Estate Investment Services
Office Phone 617-896-7200
Agent MLS ID CN214339
Office MLS ID AN1252
Listing Data Updated Oct 11, 2026 3:09 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steve Novak Real Estate
Steve Novak Real Estate
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