2
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$3,500,000
Est. payment /mo
5,847 SqFt
New
175 Mystic Ave Medford, MA 02155
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,847 sqft
Price per Sqft $598
MLS Listing ID 73563153
HOA Y/N false
Year Built 1928
Annual Tax Amount $26,596
Tax Year 2026
Lot Size 0.450 Acres
Acres 0.45
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.
Location
State MA
County Middlesex
Zoning MX-2
Direction Located on the (Mystic Avenue Corridor District) adjacent to Rt 93.
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Tar/Gravel
Others
Senior Community false
Listed by Barnard Real Estate Advisors, LLC
NEARBY SCHOOL & BUSINESS
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