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Retail Building Near Salem T
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280 Bridge St, Salem, MA 01970

Commercial/retail building with parking near Salem T station.

Property Size1,106 SF
Price / SF$3.59
Days on Market728

Property Features for 280 Bridge St

General Information

Standard status Active
Size 1,106 SF
Property subtype Commercial
Zoning BP

Taxes and HOA fees

Annual Taxes $5,838

Building Details

Building Size 1,106 SF
Year Built 1900
Listing Agency: REMAX Executive Realty
Listed By: Chris Bernier
Source: Churchillprop
Added: Sep 17, 2024 Changed: Sep 14 Last Checked: Sep 14 at 6:53AM

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 REMAX Executive Realty

Investment Insights

Based on property information with market context.

This 1,100 square foot commercial/retail building, measuring 78x13 inside, is located in an area with high pedestrian and traffic count, steps from the Salem T station. The property includes a small parking lot. It is zoned NRCC (North River Canal Corridor Neighborhood Mixed Use). The building, formerly a Bait & Tackle retail store, has been cleared out with new subfloors and is ready for build-out. Permitted uses by right include artist lofts and living space, studio, gallery, trade school, business and professional offices (such as lawyers, accountants, and real estate brokers), medical/dental offices, single-family homes, and retail establishments like convenience stores, coffee shops, tourist attractions, gift shops, florists, barber shops/salons, banks, laundromats, and liquor stores. Uses allowed with a special permit include music, recording, and dance studios, light manufacturing, breweries/distilleries/wineries with tasting rooms, hotels or inns, social clubs, lodges, restaurants, and bars. The property is situated in an area with significant planned development.

Key Highlights

  • High‑traffic location steps from the Salem T, offering excellent visibility and accessibility.
  • Versatile NRCC zoning allows for a wide range of uses by right, including residential, retail, and office spaces.
  • Ready for build‑out with new subfloors, providing a blank canvas for customization.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Parts Store Dental Office Storage Facility

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

Location Intelligence

Trade Area within ½ mile

2,692
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
4,220 visits/mo 0.2 miles
Valvoline Instant Oil Change Shops & Services
2,198 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial/retail building with parking near Salem T station.
Where is this retail space located?
The property is located at 280 Bridge St Salem, MA.
What are key features of this property?
This property features: High‑traffic location steps from the Salem T, offering excellent visibility and accessibility.; Versatile NRCC zoning allows for a wide range of uses by right, including residential, retail, and office spaces.; Ready for build‑out with new subfloors, providing a blank canvas for customization.
More about this property
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