149 North StSalem, MA 01970

Property Details for 149 North St

Year built

1935

Lot size

0.06 AC

Property type

Commercial real estate

Description

This exceptional mixed-use commercial building presents a unique investment opportunity in the thriving Salem, MA market. Strategically located at the intersection of North and School Streets, this property benefits from exceptionally high traffic counts, ensuring maximum visibility and accessibility for your tenants. The building comprises three separate commercial spaces on the ground floor, each equipped with its own independent utility systems, offering flexibility and potential for diverse businesses. This allows for individual leasing opportunities or the possibility of consolidating for a single large tenant. Each ground floor unit is separately metered for utilities. Above the commercial spaces, a comfortable two-bedroom apartment provides additional income potential or owner-occupancy options. The property sits on a 0.06-acre lot and is conveniently located within walking distance of Salem's vibrant downtown area and the Salem Train Station, providing easy access for commuters and customers. This prime location, combined with the versatile layout and multiple income streams, makes this property an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a desirable New England market. The building's solid construction and established tenant base offer immediate income generation and long-term growth potential. This is a rare opportunity to acquire a well-positioned commercial property in a highly sought-after location. The asking price is $749,900.

Location Insight

City

Salem

County

Essex

State

Massachusetts

Latitude

42.5289

Longitude

-70.9043

FAQs

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