138 Main St Melrose, MA ^$ 1,200,000

138 Main St

^$ 1,200,000

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Recently Listed

138 Main St

Melrose, MA, 02176

^$ 1,200,000

Bedrooms-- Baths-- Sq 1,762

Monthly Estimate*

^$ 7,389

138 Main St, Melrose, MA 02176 - Image 1

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Commercial Property for sale in Melrose, MA

for $1,200,000. This 1,762 square foot building was built in 1950 on a lot size of 0.23.

Free Standing Commercial Building located on Main Street in Melrose with 10 car parking lot! Most recently used as an office, this property has a long his history as a bank. 3 private offices, break room, two half bathrooms and multiple bank teller service areas comprise the first floor. There are 2 finished rooms in the lower level as well as a half bath and a 3rd unfinished room on the upper level that can be improved for additional space. Located on Main Street, across from Pine Banks Park and a short walk to Jitters Cafe, Bobby Cs, Ocean Sushi and Hinge Fitness, this is a fantastic location for a local business owner who is interested in owning rather than renting.Property is a pre-existing, legal, non-conforming use as an office. Underlying zoning is residential, URB. Possible redevelopment opportunity with zoning relief. Buyer to conduct due diligence to confirm all info listed.

Commercial Active

Price

^$ 1,200,000

Property Type

Commercial

Taxes

^$ 11,965

Style

Professional/Office

Lot Size

0.23

Year Built

1950

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73469923

List By

Jason Madden

Listing Agent

Pondfield Commercial Group

Broker

Affordability Calculator

$8,386

Per Month

Monthly Principal & Interest: $7,389
Monthly Property Taxes: $997
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Melrose, MA

Average List Price ^$999,999

Percent of Sale Price 17%

About Melrose, MA

28,981 Population

7% Since 2002

^$89,874 Median Income

44.24 Median Age

29% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
1/20/2026	$1,200,000		Listed Price

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138 Main St, Melrose, MA, 02176 is a Commercial Property for sale at $1,200,000 with 1,762 sqft and a lot size of 0.23. 138 Main St was built in 1950. The property's zip code is 02176 which is in Melrose, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 1/22/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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138 Main St

Commercial Property for sale in Melrose, MA

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