Endcap Retail
For Sale
Contact for pricing
17-21 Front St, Salem, MA 01970
Exposed brick, wood floors, and an open wood ceiling define the space’s interior.
Property Size1,918 SF
Price / SF$0.02
Days on Market9
Property Features for 17-21 Front St
General Information
Standard status
Active
Size
1,918 SF
Total Parking Spaces
2
Property subtype
Commercial
Amenities
exposed brick walls
open wood ceilings
wood floors
Building Details
Year Built
1900
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
David Hark · License #9010260
(617) 633-6719
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 7:51AM
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 The Drumlin Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,918-square-foot endcap retail space is in a mixed-use building dating to 1900. Interior features include exposed brick, wood flooring, and an open wood ceiling; the exterior combines brick and granite. The property also includes two tandem parking spaces in a private lot and borders a public parking area.
The space is on Front Street in Salem’s historic district. The Old Town House, which hosts a weekly farmers market during summer and fall, is among the nearby points of interest. The lease structure is triple net.
The space is on Front Street in Salem’s historic district. The Old Town House, which hosts a weekly farmers market during summer and fall, is among the nearby points of interest. The lease structure is triple net.
Key Highlights
- 1,918‑square‑foot endcap retail space
- Exposed brick, wood floors, and open wood ceiling
- Building constructed in 1900 with brick and granite exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,514
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,280
$630.3K
Cap Rate 7%
$450,200
$450.2K
Cap Rate 9%
$350,156
$350.2K
Market Conditions
NOI Build-Up for 1,918 SF
Gross rent
$46.0K $24.00/SF
− Vacancy
−$1.0K −$0.53/SF
EGI
$45.0K $23.47/SF
− OpEx
−$13.5K −$7.04/SF
NOI
$31.5K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,280
Cap Rate 7%
$450,200
Cap Rate 9%
$350,156
Alternative Uses
Best Use
Retail
$450.2K
$393.9K – $525.2K
NOI $31,514 @ 7.0% cap · market cap 105,046.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.5K – $1.32M
NOI $79,481 @ 7.0% cap · market cap 264,936.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,060
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
2,198 visits/mo
0.5 miles
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
Frequently Asked Questions
What type of property is this?
Retail space - Exposed brick, wood floors, and an open wood ceiling define the space’s interior.
Where is this retail space located?
The property is located at 17-21 Front St Salem, MA.
What are key features of this property?
This property features: 1,918‑square‑foot endcap retail space; Exposed brick, wood floors, and open wood ceiling; Building constructed in 1900 with brick and granite exterior
