Citizens Bank 257 Spring St 5,288 SF Retail Building Medford, MA 02155 $2,000,000 ($378.21/SF)
INVESTMENT HIGHLIGHTS
- Stand alone building with off street parking
- Adjacent to major roads and shopping areas
- Built out as a bank branch
EXECUTIVE SUMMARY
This property is a recently closed Citizens Bank (Parcel A) The ground floor is built out as a branch with ATM vestibule and a vault for safety deposit boxes. Second floor is office space, meeting rooms and kitchenette. On the bank parcel is parking for 10 vehicles (2 of those spaces ADA).
The property includes a second parcel on Yeoman's Ave (Parcel B). This parcel is 11,300 SFT and is zoned General Residential. There is the potential for development of this parcel if the buyer can successfully separate the parcels ensuring that the building has sufficient parking. This offer does not make any representations implied or otherwise that the parcels can be separated or that the second lot can be developed.
The property includes a second parcel on Yeoman's Ave (Parcel B). This parcel is 11,300 SFT and is zoned General Residential. There is the potential for development of this parcel if the buyer can successfully separate the parcels ensuring that the building has sufficient parking. This offer does not make any representations implied or otherwise that the parcels can be separated or that the second lot can be developed.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,288 SF
Building Class
C
Year Built
1938
Price
$2,000,000
Price Per SF
$378.21
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.16 AC
Zoning
C1, Medford - Commercial
Parking
9 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Bus Line
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Finance and Insurance
- -
- -
- Jun 2025
At Citizens, they're committed to putting their customers, colleagues, communities, and shareholders first, because when they succeed, Citizens succeed. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with billions in assets. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Finance and Insurance | - | - | Jun 2025 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Previously a Citizens Bank branch. Includes ATM vestibule, safety deposit box vault.
Second floor office space. Building does not have an elevator.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,700 SF | Retail | - | Now |
| 2nd Floor | 2,588 SF | Retail | - | Now |
1st Floor
| Size |
| 2,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,588 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MEDF-000014-000000-J000014 | Improvements Assessment | $1,175,400 |
| Land Assessment | $291,400 | Total Assessment | $1,466,800 |
