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280 Bridge St 1,106 SF Retail Building Salem, MA 01970 $379,000 ($342.68/SF)

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EXECUTIVE SUMMARY

Amazing Location with High pedestrian & traffic count. Property needs full build-out. 1,100 sq ft freestanding commercial / retail building w/ small parking lot only steps to the Salem T. Formerly used as Bait & Tackle retail store. Zoning NRCC (North River Canal Corridor Neighborhood Mixed Use). Seller is negotiable to different business ideas and lease arrangements or a sale. Property needs full build-out. Allowed by right: Artist Lofts & living space, Studio, Gallery, Trade School, Business & Professional Office (Lawyers, Accountants, Real Estate Broker, etc), Medical/Dental office, Single Family home, Retail (Convenient Store, Coffee Shop, Tourist Attraction, Gift Shop, Florist, Barber Shop / Salon, Bank, Laundromat, Liquor Store. Allowed w/ Special permit: Music, Recording, Dance studio, Light manufacturing, Brewery/Distiller/Winery w/ Tasting Room, Hotel or Inn, Social Club, Lodge, Restaurant, Bar. Tons of development planned for immediate area! Own a part of the action. Please note 2 of the images are renderings showing what a potential build-out could look like.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
Distress Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,106 SF
Building Class
C
Year Built
1900
Price
$379,000
Price Per SF
$342.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.07 AC
Zoning
NRCC - (North River Canal Corridor Neighborhood Mixed Use)
Parking
5 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
140’ on Bridge Street

AMENITIES

  • Air Conditioning
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Salem Five
The YMCA
BonChon
Santander
Village Tavern
Starbucks
Rockland Trust Company
Eastern Bank
Stop & Shop Supermarkets
Citizens Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SALE-000026-000000-000039
Land Assessment
$181,600
Improvements Assessment
$82,100
Total Assessment
$263,700
  • Listing ID: 29361628

  • Date on Market: 8/24/2023

  • Last Updated:

  • Address: 280 Bridge St, Salem, MA 01970

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