INNOVATE Real Estate
Commercial Sale at 399 Main St, Malden MA 02148
Commercial Sale at 399 Main St, Malden MA 02148, photo 2 of 10
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10 photos

$2,895,000

399 Main St, Malden MA 02148
Malden, MA 02148
Listed by Michael J. Chapin
Bedrooms
N/A
Bathrooms
N/A
Living area
23,900 sqft
Year built
1922

About this home

Available For Sale or Lease. Iconic free-standing Malden Square building in the heart of downtown. 24,000 sq ft former bank building with 3 full levels plus a lower level with high ceilings throughout. Interior has been completely demo'd/abated and is a blank slate at this point. Adjacent to a 45 car municipal parking lot and a block away from a 600 car parking garage. Great visibility with location at the intersection of Main St and Pleasant St. Full 24K sq ft building available with potential subdivision as small as 5K sq ft. All four floors are serviced by an elevator. Some outdoor space is available for patio seating. Across the street from Malden High School and part of the nation's only Gaming District.

Property details

MLS
MLS Property Information Network
MLS #
73474778
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
261
On market date
February 5, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.18 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Ferryway
0.5 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
896
Student:teacher ratio
13.2:1
District
Malden
Middle
Madeleine Dugger Andrews
1.89 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
458
Student:teacher ratio
10.7:1
District
Medford
High
Malden High
0.15 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,757
Student:teacher ratio
14.1:1
District
Malden

Walkability

Blended score for Malden's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

97
Highly walkable
out of 100
EPA National Walkability Index
19.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies11

Market position

How this listing compares to current activity in Malden, from live MLS data.

On the market 261 days -- 175 more days than Malden's current average of 86 days.
For reference, the median list price across 457 active listings in Malden right now is $3,600.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$17,584/mo
$579,000 down
$2,316,000 loan
Principal & interest$15,022
Property tax (est.)$2,413
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 12, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.