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314 Essex St Bed and Breakfast Salem, MA 01970 $1,895,000
Investment Highlights
- Potential reconfiguration to accommodate up to eight rental suites, subject to design feasibility and all required City approvals
- Prominent downtown Salem location directly beside the iconic Witch House
- Rare c.1755 Georgian landmark with approximately 4,670 SF across three finished levels
- Potential for an owner-occupied inn, guesthouse, boutique hospitality, event or adaptive-reuse concept, subject to City approvals
- Extensively restored and renovated in 2016 with modern systems and preserved historic details
Executive Summary
Positioned directly beside Salem’s iconic Witch House, 314 Essex Street presents a rare opportunity to acquire a highly visible historic property in the heart of one of New England’s most active tourism destinations. The c.1755 Lindall-Gibbs-Osgood House offers approximately 4,670 square feet across three finished levels, with a flexible configuration that may lend itself to an owner-occupied inn, guesthouse, boutique hospitality, event or other adaptive-reuse concept, subject to City approvals and buyer due diligence.
Extensively restored and renovated in 2016, the Georgian-style gambrel retains original floors, fireplaces and centuries-old architectural details while incorporating modern systems and amenities. The main level includes a gracious reception foyer, two formal parlors with wood-burning fireplaces, a large dining room and a commercial-scale chef’s kitchen featuring an original cooking hearth and steam wall oven.
The second floor provides three spacious en-suite bedrooms arranged around a central landing. The third level includes an additional en-suite bedroom, kitchenette, den, gym, office and walk-in closet, offering flexibility for private owner accommodations, guest space or supporting hospitality uses.
A fenced garden creates a private outdoor setting, complemented by two off-street parking spaces. Located in Salem’s historic McIntire District, the property is within close proximity to downtown restaurants, museums, shops, the waterfront and commuter rail.
With its prominent location, four en-suite bedrooms, substantial common areas, commercial-scale kitchen and exceptional architectural character, 314 Essex Street offers a differentiated opportunity for an investor, hospitality operator or buyer seeking a landmark property with multiple potential paths forward. Furnishings may also be available by separate negotiation.
Extensively restored and renovated in 2016, the Georgian-style gambrel retains original floors, fireplaces and centuries-old architectural details while incorporating modern systems and amenities. The main level includes a gracious reception foyer, two formal parlors with wood-burning fireplaces, a large dining room and a commercial-scale chef’s kitchen featuring an original cooking hearth and steam wall oven.
The second floor provides three spacious en-suite bedrooms arranged around a central landing. The third level includes an additional en-suite bedroom, kitchenette, den, gym, office and walk-in closet, offering flexibility for private owner accommodations, guest space or supporting hospitality uses.
A fenced garden creates a private outdoor setting, complemented by two off-street parking spaces. Located in Salem’s historic McIntire District, the property is within close proximity to downtown restaurants, museums, shops, the waterfront and commuter rail.
With its prominent location, four en-suite bedrooms, substantial common areas, commercial-scale kitchen and exceptional architectural character, 314 Essex Street offers a differentiated opportunity for an investor, hospitality operator or buyer seeking a landmark property with multiple potential paths forward. Furnishings may also be available by separate negotiation.
Property Facts
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Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | SALE-000026-000000-000523 | Improvements Assessment | $1,322,900 |
| Land Assessment | $195,900 | Total Assessment | $1,518,800 |
Property Taxes
Parcel Number
SALE-000026-000000-000523
Land Assessment
$195,900
Improvements Assessment
$1,322,900
Total Assessment
$1,518,800
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314 Essex St