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    47 Congress St Salem, MA 01970

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    For Lease
    $18 SF/Yr

    Premier waterfront business center with ocean views near historic district.

    Lot size:
    29.12 Acres

    Property Features for 47 Congress St

    General Information

    Lot size
    29.12 Acres

    Building Details

    Year built
    1900

    Source: Nordlund Associates Agent Chris Everest

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

    Overview

    Waterfront Business Center Office Space

    Shetland Park is a waterfront business center located in Salem, Massachusetts, offering workspaces with ocean views and access to the city's historic and entertainment district. Situated minutes north of Boston, this 29-acre campus provides spaces ranging from 1,000 to 100,000 square feet. The property offers modern, move-in-ready spaces and built-to-suit options.
    Insight Report Location Intelligence

    Current Use by Public Records

    Eliza Henley Nurse Practitioner Dr. Yenilda Garcia ... Dentist Coinhub Bitcoin ATM ... Atm Margaret Biggins Doctor Dr. Jay Pandey, ... Family Practice Physician

    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
    -70.8862062
    Latitude
    42.515811

    Nearby Similar for Lease

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      Established flex space suitable for retail or office use.
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      Highland Avenue Commercial Space Available

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    FAQs

    What type of property is this?
    Office space - Premier waterfront business center with ocean views near historic district.
    Where is this office space located?
    The property is located at 47 Congress St Salem, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Premier waterfront business center location.; - Enjoy ocean-side views.; - Easy access to Salem's historic and entertainment district.
    (978) 762-0500
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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
    47 Congress St Salem, MA 01970
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