For Sale
$1,450,000
522 Confidential Salem, MA 01970
High-Return Retail Liquor Store
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Exceptional Salem, MA liquor store investment opportunity.
- 1,370 SF Class B retail building on a 4,212 SF lot, built in 1920, renovated in 2001.
- 100% occupancy since March 1, 2001, with eight parking spaces. R2 zoning.
- Strong NOI of $242,000 and a 16.69% cap rate; $1,450,000 asking price ($1,058.39/SF).
- Established business exceeding 24 years of operation in a high-traffic location. Semi-absentee ownership.
Property Details for 522 Confidential
- Property type
- Retail properties, Retail space
- Square Feet
- 1,370 SF
- Class
- B
- Year Built/Renovated
- 1920/2001
- Buildings
- 1
- Units
- 1
Location Insight
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Latitude
- 42.5235097
- Longitude
- -70.8952337
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Return Retail Liquor Store
- Where is the retail property located?
- The property is located at 522 Confidential Salem, MA.
- What is the asking price?
- The asking price for this property is $1,450,000.
- What are key features of this property?
- This property features: Exceptional Salem, MA liquor store investment opportunity.; 1,370 SF Class B retail building on a 4,212 SF lot, built in 1920, renovated in 2001.; 100% occupancy since March 1, 2001, with eight parking spaces. R2 zoning.
- How can I contact the broker?
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