For Sale
$390,000

280 Bridge St Salem, MA 01970

Prime Salem location, 1,106 sq ft, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 1,106-square-foot freestanding commercial building is ideally situated in Salem, Massachusetts, just steps from the Salem train station. Boasting a high pedestrian and traffic count, this property presents a unique investment opportunity for owner-users. Currently zoned North River Canal Corridor (NRCC), the building offers versatile usage potential. Previously operating as a bait and tackle shop, the space requires complete renovation, allowing for a fresh start and customized design. The 0.07-acre lot includes a small parking area. The asking price is $390,000, translating to $352.62 per square foot. The property's zoning permits a wide range of uses, including, but not limited to: artist lofts, studios, galleries, trade schools, business and professional offices, medical/dental offices, single-family homes, and various retail options such as convenience stores, coffee shops, and more. Certain uses, such as restaurants, bars, and breweries, may require special permits. With significant development planned for the immediate area, this property offers a chance to be part of Salem's exciting growth. The seller is open to discussing various business ideas and lease arrangements. This is a rare opportunity to acquire a prime commercial property in a thriving Massachusetts location.

Highlights

  • 1,106 SF freestanding commercial building in Salem, MA, steps from the train station.
  • High pedestrian/traffic count, ideal for owner-users.
  • 0.07-acre lot with small parking area; $390,000 asking price ($352.62/SF).
  • Needs complete renovation; zoned NRCC, allowing diverse uses (retail, office, residential, etc., some uses may require special permits).
  • Excellent investment opportunity in a rapidly developing area; seller open to lease options and business discussions.

Property Details for 280 Bridge St

Property type
Retail properties, Restaurants
Square Feet
1,106 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
3,049 SF
Units
1

Location Insight

City
Salem
County
Essex
State
Massachusetts
Latitude
42.5239684
Longitude
-70.8993236
280 Bridge St, Salem, Massachusetts

FAQs

What type of property is this?
Retail property - Prime Salem location, 1,106 sq ft, high traffic.
Where is the retail property located?
The property is located at 280 Bridge St Salem, MA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,106 SF freestanding commercial building in Salem, MA, steps from the train station.; High pedestrian/traffic count, ideal for owner-users.; 0.07-acre lot with small parking area; $390,000 asking price ($352.62/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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280 Bridge St
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