Prime retail opportunity in the heart of Malden, this freestanding one-story building at 358-360 Salem St offers approximately 1,188 sq ft of space on a 0.03-acre lot. Built in 1950, the property is zoned NB (Neighborhood Business), allowing for a variety of commercial uses. With excellent visibility on Salem Street, strong foot and vehicle traffic, and convenient access to public transit and major roadways, the location is ideal for retail or service businesses. A long-term tenant is currently in place, providing reliable rental income and making this property attractive both for investors seeking steady returns and for future owner-occupiers.
358-360 Salem St, Malden, MA, 02148
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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