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    97 Boston St Salem, MA 01970

    For Sale
    $875,000

    Commercial Sale - Salem, MA

    Property size:
    3,660 SF
    Lot size:
    0.18 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 97 Boston St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    APN
    M:15 L:0217,2128649
    Size
    3,660 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1784
    Architectural style
    Other

    Keller Williams Realty Success (978) 475-2111

    Listing agent Faulkner Commercial Group (978) 475-2111

    Listing date Aug 14, 2025

    MLS# 73416407 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 Property with Parking

    This multi-tenant commercial property is located in Salem, Massachusetts, offering accessibility to major highways, public transportation, and nearby communities. The property includes two commercial units. The first-floor unit is currently leased at will and features two private restrooms and a dedicated entrance, providing rental income. The second-floor space is owner-occupied as a salon. This unit includes a private restroom and a layout suited for professional or personal service uses. The building has front and rear entrances for each unit, two oil heating systems, central air conditioning, and solar panels. On-site parking is available for up to 11 vehicles. The property is situated on a 0.18-acre lot. The building size is 3660 square feet. The zoning is R2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D&T Nails Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.911629
    Latitude
    42.520162

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    FAQs

    What type of property is this?
    Retail space - Multi-tenant Salem commercial building with on-site parking for sale.
    Where is this retail space located?
    The property is located at 97 Boston St Salem, MA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Prime multi-tenant investment opportunity in the heart of Salem.; - Excellent accessibility to major highways and public transportation.; - Two spacious commercial units, one currently leased at will for stable rental income.
    (978) 475-2111
    Request Owner's contact information
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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
    97 Boston St Salem, MA 01970
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