Building Details

Year Built 2003

Listing Agency: Metro North Realty, LLC n***@mlspin.net Show Phone

Listed By: Herman Davis Show Phone

Source: Liongatere

Added: Apr 25 Changed: Jul 10 Last Checked: Jul 26 at 11:34PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro North Realty, LLC

Investment Insights

Based on property information with market context.

This is a single standing commercial building for sale situated minutes from Salem State University, downtown Salem, and other surrounding businesses. It is located on a high-traffic street. The current tenant is a pizza/sub shop establishment, which is also for sale. The property includes rear parking that accommodates up to 6 or more cars. The basement provides storage space and an additional bathroom.

Key Highlights

• High traffic street location
• Minutes from Salem State University and Downtown Salem
• Rear parking for 6+ cars

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

418

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 01970, MA

44,451

Population

20,920

Households

2.1

Avg Household Size

39

Median Age

50%

College-Educated

92%

High-School Grad

8.2 sq mi

ZIP Area

5,421

Density / Sq Mi

$85,189

Median Household Income

$52,024

Median Earnings

$1,800

Median Rent

$497,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Contact for pricing

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building for sale near Salem State University.

Where is this storefront property located?

The property is located at 101 Loring Avenue Salem, MA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: High traffic street location; Minutes from Salem State University and Downtown Salem; Rear parking for 6+ cars