INNOVATE Real Estate
Commercial Sale at 437-445 Franklin St., Melrose MA 02176
Commercial Sale at 437-445 Franklin St., Melrose MA 02176, photo 2 of 2
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$799,900

437-445 Franklin St., Melrose MA 02176
Melrose, MA 02176
Listed by Gianni De Palma
Bedrooms
N/A
Bathrooms
N/A
Living area
4,448 sqft
Year built
1914

About this home

Introducing a prime investment opportunity in the heart of Melrose, MA. This 4,448 SF building offers a lucrative venture in the thriving Melrose Market. With a coveted BA-2 zoning, this property presents a wealth of possibilities for Retail / Street Retail and mixed-use investors and developers. This transit oriented site sits steps away from the Melrose MBTA line. An opportunity not to be missed!

Property details

MLS
MLS Property Information Network
MLS #
73477722
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
252
On market date
February 17, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 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
Roosevelt
0.27 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
417
Student:teacher ratio
15.4:1
District
Melrose
Middle
Melrose Middle
0.32 mi away · Grades 6-8
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
844
Student:teacher ratio
14.3:1
District
Melrose
High
Melrose High
0.34 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
923
Student:teacher ratio
13.4:1
District
Melrose

Walkability

Blended score for Melrose'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).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks14
Schools20
Transit stops20
Pharmacies5

Market position

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

On the market 252 days -- 178 more days than Melrose's current average of 74 days.
For reference, the median list price across 159 active listings in Melrose right now is $719,900.

Mortgage calculator

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

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Adjust tax / insurance estimates
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Est. monthly payment
$4,967/mo
$159,980 down
$639,920 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 2, 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.