Image courtesy of Gibson Sotheby’s International Realty

A shovel-ready life science development site is being offered for sale following recent rezoning designed to enlarge Medford’s life science industry cluster.

The Boston Avenue site can accommodate a 250,000-square-foot life science development by-right, according to city officials and broker Kenneth Leva of Gibson Sotheby’s International Realty who is marketing it as “Tufts Corner.”

The 1.4-acre site includes five parcels occupied by commercial and residential buildings, including the Elizabeth Grady School of Esthetics and Massage Therapy. It’s located next to 196 and 200 Boston Ave., a pair of Cummings Properties lab buildings totaling nearly 230,000 square feet.

The city of Medford rezoned the Cummings Properties campus along with the potential redevelopment site in 2022, seeking to attract spillover life science growth from Cambridge and Boston and tap into demand generated by the recent opening of the Medford/Tufts station on the MBTA Green Line Extension.

The Cummings campus includes tenants affiliated with Tufts University, which has biology department offices located at 200 Boston Ave.

Declining demand for lab space and rising availabilities in the past year have prompted life science companies to narrow their focus to established industry clusters such as Cambridge, Watertown and Boston, according to brokers at a recent NAIOP Massachusetts forum.