Date
Details
Price
Change
Source
9/30/2026
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,800,000 Just Listed
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Property Description
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 Caffé 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
Full Property Details
Full Property Details for 45 W Foster St
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General
- Price: $1,800,000
- Taxes: $15,993 (2026)
- Status: Active
- Type: Commercial
- MLS ID: 73584994
- Updated: 9/30/2026
- Added to Site: 3 day(s) ago
Location
- County: Middlesex
Structural Information
- Square Feet: 4,150
- Year Built: 1953
Lot Features
- Lot Size (Acres): 0.1
Financial Considerations
- Tax Amount: $15,993
- Tax Year: 2026
Disclosures and Reports
- Disclosures/Rstr.: Offers due 10/15/2026
- Property ID: M:00C7 B:0000 L:0086, 654080
Listed by Pondfield Commercial Group, Jason Madden
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Listing agent
— 45 W Foster St —
Jason Madden
Pondfield Commercial Group
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 45 W Foster St
School District:Melrose School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Melrose, MA 80 West Wyoming Avenue, Melrose, MA 02176 | K-5 | 0.3 mi |
Roosevelt Elementary School 253 Vinton Street, Melrose, MA 02176 | K-5 | 0.8 mi |
Winthrop Elementary School 162 1st Street, Melrose, MA 02176 | K-5 | 0.8 mi |
Melrose Middle School 350 Lynn Fells Parkway, Melrose, MA 02176 | 6-8 | 0.6 mi |
Melrose High School 360 Lynn Fells Parkway, Melrose, MA 02176 | 9-12 | 0.6 mi |
Early Childhood Center, Melrose, MA 16 Franklin Street, Melrose, MA 02176 | PK- | 0.8 mi |
Hoover Elementary School 37 Glendower Road, Melrose, MA 02176 | K-5 | 0.9 mi |
Horace Mann Elementary School, Melrose, MA 40 Damon Avenue, Melrose, MA 02176 | K-5 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 45 W Foster St
Tax History
Tax History for 45 W Foster St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$132
-99%
$741,900
4%
2024
$12,618
5%
$712,500
8%
2023
$11,986
10%
$661,500
10%
2022
$10,876
3%
$603,200
6%
2021
$10,610
1%
$567,700
—
2020
$10,553
7%
$568,000
9%
2019
$9,847
—
$523,500
3%
2018
$9,881
7%
$510,400
2%
2017
$9,238
5%
$498,300
6%
2016
$8,840
1%
$470,700
2%
2015
$8,743
2%
$462,600
—
2014
$8,563
9%
$462,600
18%
2013
$7,833
—
$393,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 45 W Foster St
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,217Sq. Ft.
- Multi-Family
- Active
- Updated 3 days ago
- 3Units
- 4Total Beds
- 0.26Acres
- Multi-Family
- Active
- Updated 1 day ago
- 2Units
- 4Total Beds
- 0.27Acres
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- Condo
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
- 638Sq. Ft.
Listed by Kara DiBenedetto (978) 807-2445
- Multi-Family
- Active
- Updated 3 days ago
- 2Units
- 5Total Beds
- 0.07Acres
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 1Total Bath
- 2,109Sq. Ft.
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45 W Foster St, Melrose, MA 02176 (MLS# 73584994) is a Commercial property. 45 W Foster St is currently listed for $1,800,000 and was received on September 30, 2026. Want to learn more about 45 W Foster St? Do you have questions about finding other Commercial real estate for sale in Melrose? You can browse all Melrose real estate or contact a Coldwell Banker agent to request more information.