3,500,000

House for sale Medford
Property photo number 1 of 16 Photos for Property. File  105722709_29_38ce78d503786cc469c571494e33a9d2.jpeg

Overview

SUMMARY: Discover an opportunity with this Medford house for sale and available for 3,500,000. This could be your next ideal home or a smart investment. More details await.
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.
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Details

  • Beds: 0
  • Price: 3,500,000
  • Reference No.: 96322187
  • Area: 99,999 sqft

Location

Marketed by:

  • Christopher Barnard
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