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384 Waltham Street, Lexington MA 02421

Lexington, MA 02421
$3,900,000
Est. $25,753/month
10,596
Sq Ft
$368
Price/Sq Ft
0.18
Acres
1945
Year Built
273
Days on Market
Active Price Drop -$500,000 Listed May 27, 2025 • MLS# 73380525 Copied!

About this home

We are pleased to present Marrett Square Shopping Center, a twelve (12) unit retail / commercial investment opportunity located in historic Lexington Massachusetts. Location is at the junction of Marrett Road (Route 2A) and Waltham Street, near Belmont Country Club and the City of Waltham. The subject property is 10,596 +/- square feet in size, anchored by Anton‘s Cleaners and features an array of tenancies complimentary to the area which include but not limited to Spirit of India, Eppinger Fitness, Royal Pastry, Formosa Taipei, and Boston Nails. Built in 1940, the shopping center is a beautifully manicured 24,437 +/- square foot corner parcel and is accessible by two (2) means of egress from all traffic directions and features 35 on-site parking spaces. The subject property is strategically positioned at a four-way signalized intersection, just minutes from Route 2, Route 128/95, and Trapelo Road Waltham. Lexington Lexpress is right up the street on 39 Marrett Road. Generational Asset

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Property Overview

Listing Type
Commercial Sale
Year Built
1945
Living Area
10,596 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1945
Living Area 10,596 sq ft
Lot Size 0.18 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $69,990

Interior Features

Flooring:
Appliances:
Interior Features:
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Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1945
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
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Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

384 Waltham Street, Lexington MA 02421

Lexington, MA 02421

Walkability

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Nearby Schools

School District
Lexington School District local
A+
✓ School Safety 2024-25
0.3% Low
0.3% Suspensions 0.6% In-School
↓ 5.2% below state avg
E

Elementary Schools

3 schools
The LEAP School
0.5 mi
Grades PK
A+
Bridge School
0.6 mi | #21 of 824 | Score: 64.5
Improved 86 spots from last year
+6.3 above state avg
345 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
Lexington Children's Place
0.8 mi
70 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

2 schools
A+
Jonas Clarke Middle School
0.4 mi | #1 of 352 | Score: 67.5
Improved 4 spots from last year
+9.3 above state avg
796 students Diverse
Diverse Student Body Strong Attendance
Grades 06-08
A+
William Diamond Middle School
1.9 mi | #9 of 352 | Score: 63.9
Same rank as last year
+5.7 above state avg
936 students Diverse
Diverse Student Body Strong Attendance
Grades 06-08
H

High Schools

2 schools
A+
Lexington High School
0.6 mi | #2 of 346 | Score: 82.3
Improved 3 spots from last year
+24.1 above state avg
2,405 students Diverse
20 sports • 2,520 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
JRI Meadowridge Pelham Academy School
0.9 mi
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $5,833
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
May 27, 2025
$3,900,000
Original listing
Agent: Brian DApice Office: The Mega Group

Price & Status History

Date Event Price Change
May 27, 2025 New Listing Added $3,900,000 —

Market Statistics

Days on Market
273 days
Price per Sq Ft
$368
Total Price Drop
-$500,000

Tax History

Year Taxes Assessment
2025 $69,990 —

Financial Details

Annual Property Tax
$69,990
Tax Year 2025

Listing Information

Listing Office The Mega Group
Agent MLS ID C8001683
Office MLS ID C99946
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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384 Waltham Street, Lexington MA 02421 - Photo 1 384 Waltham Street, Lexington MA 02421 - Photo 2 384 Waltham Street, Lexington MA 02421 - Photo 3 384 Waltham Street, Lexington MA 02421 - Photo 4 384 Waltham Street, Lexington MA 02421 - Photo 5 384 Waltham Street, Lexington MA 02421 - Photo 6 384 Waltham Street, Lexington MA 02421 - Photo 7 384 Waltham Street, Lexington MA 02421 - Photo 8 384 Waltham Street, Lexington MA 02421 - Photo 9 384 Waltham Street, Lexington MA 02421 - Photo 10 384 Waltham Street, Lexington MA 02421 - Photo 11 384 Waltham Street, Lexington MA 02421 - Photo 12 384 Waltham Street, Lexington MA 02421 - Photo 13 384 Waltham Street, Lexington MA 02421 - Photo 14 384 Waltham Street, Lexington MA 02421 - Photo 15 384 Waltham Street, Lexington MA 02421 - Photo 16
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