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    939/941 Salem St Groveland, MA 01834

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    For Lease
    $9 SF/Yr ($2,757 /Mo)

    3,326 SF retail/flex space with frontage on RTE 97.

    Property size:
    3,326 SF
    Lot size:
    2.00 Acres

    Property Features for 939/941 Salem St

    General Information

    Size
    3,326 SF
    Lot size
    2.00 Acres

    Source: Coldwell Banker Commercial | Haverhill Agent Steven A. DeSisto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Flex Space on Salem Street

    This property offers 3,326 square feet of retail/flex space. It features 50 feet of frontage overlooking Route 97. The space includes 20-foot ceilings and 1,000 square feet of light storage space provided at no additional charge. Loading doors are also present. The monthly cost, including base rent, condo fee, and taxes, is $3,833.21.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0130657
    Latitude
    42.7343446

    Nearby Similar for Lease

    • $20 SF/Yr

      Groveland Commercial Condo on RT 97

      Versatile commercial condo on Route 97 in Groveland, MA.
      939 Salem St, Groveland, MA 01834
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,326 SF retail/flex space with frontage on RTE 97.
    Where is this retail space located?
    The property is located at 939/941 Salem St Groveland, MA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - 3,326 SF of Retail/Flex Space; - Monthly cost of $3,833.21 (Base Rent, Condo Fee, Taxes Included); - **50' of Frontage Overlooking RTE 97**
    (978) 852-5559
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    939/941 Salem St Groveland, MA 01834
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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
    939/941 Salem St Groveland, MA 01834
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