280 Bridge StSalem, MA 01970

  • Retail space
  • 1,106 SF
For Sale
$390,000 View listing

Property Details for 280 Bridge St

Year built
1900
Construction
FRAME
Lot size
0.06 AC
Property size (Sq ft)
1,106 SF
Zone code
BP
Property type
Retail space
APN
SALE M:26 L:0039
APU
SALEM26L0039

Description

This exceptional 1,106 square foot freestanding commercial building presents a unique investment opportunity near the Salem Train Station. Boasting a prime location with high pedestrian and vehicular traffic, this single-tenant property offers significant potential for a variety of uses. Previously occupied as a bait and tackle shop, the building sits on a 0.7-acre lot and requires complete renovation. The North River Canal Corridor (NRCC) zoning allows for a wide range of permitted uses, including artist lofts, studios, galleries, trade schools, various professional offices (legal, accounting, medical, dental), single-family homes, and a variety of retail options such as convenience stores, coffee shops, and more. Uses requiring special permits include music studios, light manufacturing, breweries/distilleries/wineries with tasting rooms, hotels/inns, and restaurants/bars. The seller is open to discussing various lease arrangements or a sale, making this an adaptable property for diverse business ventures. With substantial planned development in the immediate area, this property offers a chance to capitalize on significant future growth. The small on-site parking lot adds convenience. Don't miss this chance to own a piece of Salem's vibrant commercial landscape.

Location Insight

City
Salem
County
Essex
State
Massachusetts
Latitude
42.524
Longitude
-70.8992
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,707
$164,600
$76,300
$240,900
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