Commercial Sale at 678 Salem St, Malden MA 02148, Malden
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 2 of 7
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 3 of 7
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 4 of 7
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 5 of 7
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 6 of 7
Commercial Sale at 678 Salem St, Malden MA 02148, Malden, photo 7 of 7
7 photos

$1,500,000

678 Salem St, Malden MA 02148
Malden, MA 02148
Listed by Stephen Cefalo
Bedrooms
N/A
Bathrooms
N/A
Living area
2,840 sqft
Year built
1935

About this home

AVAILABLE NOW. Commercial/Retail building for SALE, located at the busy intersections of Lebanon St. and Salem St. Malden, MA. The property consists of two addresses listed as 678 Salem St. and 2 Lebanon St. Malden. See building layout plan for actual sq footage. Ideal location for continued use as an office or retail space. This ideal location has the potential for future development uses working with the City of Malden planning and development. Property is currently vacant with no leases in place and ready for a take over/acquisition. Original family has owned this property for years and are anxious to move on making this a great opportunity for a wide range of potential users. Listing agent available on short notice to show property.

Property details

MLS #
73566123
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
49
On market date
August 20, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Salemwood
0.25 mi away · Grades 0-8
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
934
Student:teacher ratio
11.3:1
District
Malden
Middle
Susan B. Anthony Middle School
1.65 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
564
Student:teacher ratio
11.1:1
District
Revere
High
Malden High
1.02 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).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks20
Schools20
Transit stops20
Pharmacies4

Market position

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

On the market 49 days -- 31 fewer days than Malden's current average of 80 days.
For reference, the median list price across 422 active listings in Malden right now is $3,700.

Mortgage calculator

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

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Est. monthly payment
$9,183/mo
$300,000 down
$1,200,000 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 24, 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.