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    3 Swampscott Rd Salem, MA 01970

    New
    For Sale
    $575,000

    Commercial Sale - Salem, MA

    Lot size:
    0.68 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 3 Swampscott Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    APN
    2127302
    Lot size
    0.68 Acres

    Building Details

    Year built
    1970
    Architectural style
    Other

    Keller Williams Realty Evolution [email protected]

    Listing agent Stephen Cavanaugh (978) 992-4050

    Listing date Dec 9, 2025

    MLS# 73413343 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salem Commercial Land For Sale

    This two-parcel offering presents a strategic opportunity in Salem’s expanding South Side commercial zone. The primary parcel is adjacent to a 1.31-acre vacant lot with B-2 zoning, offering development potential. Together, the properties provide approximately 1.85 acres of usable land, making them ideal for developers, owner-users, or investors seeking a phased redevelopment or hybrid income/development strategy. Both parcels are zoned B-2 (Business-Highway District), supporting a broad array of commercial uses including office, retail, restaurants, contractor bays, automotive services, and more. The property is in close proximity to Highland Avenue (Route 107), Salem Hospital, and established business nodes, offering long-term upside. The property is being sold "as is". The lot size is 0.68 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.925381
    Latitude
    42.500369

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    FAQs

    What type of property is this?
    Commercial land - Two-parcel commercial land offering development potential in Salem, Massachusetts.
    Where is this commercial land located?
    The property is located at 3 Swampscott Rd Salem, MA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - 1.85 acres of usable land in Salem's South Side commercial zone.; - B-2 zoning supports diverse commercial uses (office, retail, restaurants, etc.).; - Includes a 1.31-acre vacant lot (3 Swampscott Rd) with development potential.
    (978) 992-4050
    Request Owner's contact information
    3 Swampscott Rd Salem, MA 01970
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    Salem, MA 01970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Swampscott Rd Salem, MA 01970
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