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265 Essex St 14,176 SF 100% Leased Office Building Salem, MA 01970 For Sale
Investment Highlights
- Durable in-place cash flow with upside potential
- Ideal Opportunity for investors and/or 1031 exchange buyers
- Prominently positioned in Downtown Salem surrounded by a wealth of area amenities
- 100% Leased to diverse, local tenancy
- Strategic location off Route 114 and close proximity to Route 128 and Interstate 95
Executive Summary
As exclusive listing agent, Hunneman is pleased to offer for sale 265 Essex Street (“Property”), a prominent brick office building in vibrant downtown Salem, MA. 265 Essex Street is a ±14,176 RSF Class B office building strategically located off Route 114, with close proximity to Route 128 and Interstate 95. Situated along one of Salem’s most active corridors and close to Salem’s most popular destinations – 265 Essex Street receives tremendous foot traffic.
265 Essex Street is a stabilized investment opportunity, and is positioned for long-term upside, providing an ideal opportunity for investors to acquire a premier office building.
265 Essex Street is a stabilized investment opportunity, and is positioned for long-term upside, providing an ideal opportunity for investors to acquire a premier office building.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,176 SF
Building Class
C
Year Built/Renovated
1916/1985
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,725 SF
Slab To Slab
9’
Building FAR
0.99
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
B5
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Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | SALE-000026-000000-000445 | Improvements Assessment | $1,096,700 |
| Land Assessment | $252,600 | Total Assessment | $1,349,300 |
Property Taxes
Parcel Number
SALE-000026-000000-000445
Land Assessment
$252,600
Improvements Assessment
$1,096,700
Total Assessment
$1,349,300
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265 Essex St
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