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Two-Bay Auto Shop
For Sale
Contact for pricing
Pending

43 Essex St, Salem, MA 01970

Existing automotive business with offices, service space, and expansion area in a corner-lot building.

Property SizeContact for details
Days on Market144

Property Features for 43 Essex St

General Information

Standard status Pending
Property subtype Retail

Additional Details

Business Included Yes
Service Bays 2

Building Details

Buildings 1
Stories 3
Listing Agency: Coldwell Banker Commercial NRT Winchester
Listed By: Julie Darcangelo · License #MA 9083786
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 4:05AM

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 Coldwell Banker Commercial NRT Winchester

Investment Insights

Based on property information with market context.

This Salem property combines an operating auto repair business with its underlying building. The first floor contains two repair bays, while the second floor provides two offices and a bathroom. An unfinished third floor offers additional interior area for future buildout.

The sale includes the business and building, along with licenses covering auto repair, used-car sales, welding, motor fuel, flammable-material storage, and towing under a DPU special permit. The property occupies a corner lot at 43 Essex St in Salem, Massachusetts.

Key Highlights

  • Sale includes the established auto repair business and building
  • Two auto repair bays on the first floor
  • Two offices and a bathroom on the second floor

Property Analytics

Current Use

North Shore Auto ... Auto Repair Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Butcher Carpet & Flooring Store Pet Grooming Service

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

Lease Details

2
Service bays
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,211
Businesses Nearby
Well-served
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • Foreign Wheels Honda Acura Specialists 42 Jefferson Ave, Salem, MA 01970
  • 781 Motorsports 45 Jefferson Ave, Salem, MA 01970
  • T. Tires 53 Canal St, Salem, MA 01970
  • Cris Automobile Repair 4 Florence St, Salem, MA 01970
  • Phantom Automotive 4 Florence St UNIT 1, Salem, MA 01970

Frequently Asked Questions

What type of property is this?
Auto shop - Existing automotive business with offices, service space, and expansion area in a corner-lot building.
Where is this auto shop located?
The property is located at 43 Essex St Salem, MA.
What are key features of this property?
This property features: Sale includes the established auto repair business and building; Two auto repair bays on the first floor; Two offices and a bathroom on the second floor
More about this property
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