Rare development or hold opportunity in West Medford. Convenient access to Rt16, Rt 2, and I-93. MBTA Bus stop across the street. Commuter Rail in West Medford Square, 11 minute ride to Boston. Medford Square is less than 1 mile away. Steps to local shops (Snappy Patty’s, Bistro 5, Paul Revere Restaurant, Simple Fare, C.B Scoops, The Magnificent Muffin, Medford Brewing, Dunkin Donuts, and Walgreens) or short trip to Whole Foods, and Starbucks on Mystic Valley Pkwy. Minutes to Somerville, Cambridge, and Arlington. Just over 6k sqft lot with a 4977 sqft commercial building with full basement. Close to Orange, Green, and Red lines. Current tenants include a liquor store and hair salon, both on MTM gross terms. Currently zoned C1, and part of Medford’s ongoing rezoning plans. This unique offering presents numerous possibilities, including mixed-use potential. Buyers are responsible for conducting their due diligence.
438-440 High St, Medford, MA, 02155
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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