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1 S Mason St 2,160 SF 100% Leased Retail Building Salem, MA 01970 $675,000 ($312.50/SF)
Executive Summary
One story steel framed industrial building with three drive in doors. Located in an active commercial area which is in the process of being redeveloped with various new construction projects planned including residential and commercial. The building is nearly wide open with no columns. Building needs renovations but will function well for many types of light industrial or "maker space" uses. Automotive service is not allowed in this North River Corridor zoning district. The zoning also allows a number of other uses including residential and combined residential and commercial uses either "by right" or by "special permit".
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,160 SF
Building Class
C
Year Built
1955
Price
$675,000
Price Per SF
$312.50
Percent Leased
100%
Building Height
1 Story
Building FAR
0.35
Lot Size
0.14 AC
Zoning
NRCC
Frontage
76’ on South Mason St
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | SALE-000026-000000-000060 | Improvements Assessment | $96,000 |
| Land Assessment | $117,700 | Total Assessment | $213,700 |
Property Taxes
Parcel Number
SALE-000026-000000-000060
Land Assessment
$117,700
Improvements Assessment
$96,000
Total Assessment
$213,700
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1 S Mason St
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