45 W Foster St, Melrose MA 02176

Melrose, MA 02176

$1.8M

2 BA · 4,150 sf · 0.1 ac · Built 1953

Request a Private Showing Enquire by phone · +1 212 920 6260

The residence

A rare downtown Melrose opportunity. 45 West Foster Street is a freestanding, single-story commercial building positioned in one of the most visible and active locations in the heart of downtown Melrose. Offered to the market for the first time in approximately 40 years, the property sits directly along West Foster Street and within the Main Municipal Parking Lot, surrounded by established downtown destinations including Shaw’s, CVS, Turner’s Seafood, Bruegger’s Bagels and Caffè Nero.Featuring an open, single-unit floor plan, outstanding visibility, exceptional access to municipal parking and flexible **BA-1 zoning**, the property offers tremendous potential for a wide variety of commercial users, owner-occupants and investors. Opportunities with this combination of location, visibility, parking and downtown positioning are exceptionally difficult to find in Melrose.45 West Foster Street is a truly unique offering in the downtown market. Offers due October 15, 2026

At a glance

Property type: Commercial Sale
Status: Active Under Contract
Year built: 1953
Lot size: 0.1 acres
Living area: 4,150 sf
MLS#: 9c6cdc6fc019a5bc4b9f37ac0b1f0829
Beds · Baths: 0 · 2

Location

Melrose, MA.

Melrose, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$9K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$1.8M

Indicative conversion — settlement always in USD.

Private Showing

Arrange a viewing.

A senior advisor will reply personally to coordinate access at a time that suits you. All inquiries are held in confidence.

Listing courtesy of Pondfield Commercial Group · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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 set forth herein.

Listings updated Oct 17, 2026

Fair Housing