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    112 North St Salem, MA 01970

    For Sale
    $699,000

    Fully leased investment property near downtown and train station.

    Lot size:
    0.05 Acres

    Property Features for 112 North St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1890

    Source: Citylight Homes LLC Agent Steven Belesis

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

    Overview

    Landmark Mixed-Use Building For Sale

    This landmark mixed-use building is located on North Street, near downtown Salem and the Salem Train Station. The property is fully leased and offered as an investment property.
    Insight Report Location Intelligence

    Current Use by Public Records

    DOTTY & RAYS - SALEM'S ... Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -70.9008797
    Latitude
    42.5267212

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased investment property near downtown and train station.
    Where is this mixed-use property located?
    The property is located at 112 North St Salem, MA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Landmark mixed-use building.; - Fully leased investment property.; - Enjoy an 8% capitalization rate.
    (617) 763-1001
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    112 North 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
    112 North St Salem, MA 01970
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