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    280 Bridge St Salem, MA 01970

    Sponsored
    For Sale
    Contact for pricing

    Prime Salem location, versatile space, high pedestrian traffic.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 280 Bridge Street in Salem, MA, presents a unique investment opportunity. Situated on a 0.06-acre lot, the 1,100+ square foot building enjoys a coveted location with high pedestrian and vehicular traffic counts, just steps from the Salem T. Previously operating as a Bait & Tackle shop, the property is in need of updating, offering a blank canvas for a wide range of businesses. The NRCC (North River Canal Corridor Neighborhood Mixed Use) zoning allows for diverse uses, including artist lofts and living spaces, studios, galleries, business and professional offices (law firms, accounting practices, etc.), medical/dental offices, and various retail options such as convenience stores, coffee shops, tourist attractions, gift shops, florists, barber shops/salons, banks, laundromats, and liquor stores. With a special permit, the possibilities expand further to include music and recording studios, dance studios, light manufacturing, breweries/distilleries/wineries with tasting rooms, hotels or inns, social clubs, lodges, restaurants, and bars. The seller is open to exploring various business concepts and lease arrangements, demonstrating flexibility in negotiations. Given the significant development planned for the immediate area, this property represents a compelling investment with substantial future potential. The asking price is $2,900. Small parking lot included.

    Property Features for 280 Bridge St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -70.89931
    Latitude
    42.52397

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem location, versatile space, high pedestrian traffic.
    Where is this commercial real estate located?
    The property is located at 280 Bridge St Salem, MA.
    What is the asking price?
    The asking price for this property is $2,900.
    (978) 414-5566
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    280 Bridge St 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
    280 Bridge St Salem, MA 01970
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