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    47 Federal St Salem, MA 01970

    For Sale
    $669,000

    Commercial Sale - Salem, MA

    Lot size:
    0.04 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 47 Federal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B5
    APN
    2132561
    Lot size
    0.04 Acres

    Building Details

    Year built
    1787
    Architectural style
    Other

    Tache Real Estate Inc. (978) 745-2004 [email protected]

    Listing agent George Fallon (978) 745-2004

    Listing date Nov 13, 2025

    MLS# 73453127 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 Office Building For Sale

    This well-located 1787 Gambrel office building is situated directly across from the courthouse and one block from the train station and parking garage in Salem, MA. Currently used as an Attorney At Law Office, the property features off-street parking, accommodating 2-4 cars in tandem. The interior includes 4-6 offices, a reception area, a conference room, and a law library. It also has 2 half baths and 2 small kitchen areas. Central air conditioning is installed. The location provides convenient access to banks and restaurants. The property has a high "in and out" index. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hemsey Judge, P.C. General Practice Attorney Hemsey Christopher Attorney David F Driscoll ... Attorney

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.897335
    Latitude
    42.522883

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    FAQs

    What type of property is this?
    Office building - Office building near courthouse, train, and parking in Salem.
    Where is this office building located?
    The property is located at 47 Federal St Salem, MA.
    What is the asking price?
    The asking price for this property is $669,000.
    What are key features of this property?
    This property features: - Prime location directly across from courthouse, 1 block to train and parking garage; - Off-street parking for 2-4 cars (tandem); - Historic 1787 Gambrel building
    (978) 745-2004
    Request Owner's contact information
    47 Federal St 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
    47 Federal St Salem, MA 01970
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