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Retail Building Near Salem T

280 Bridge St, Salem, MA 01970

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For Sale

$299,000

Commercial/retail building with parking near Salem T station.

Type:Commercial

Property size:

1,100 SF

Price / SF:

$271/SF

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.
Significant development planned for the immediate area, promising future growth and increased property value.
Potential for various businesses such as retail, office, or even residential conversion.
Includes a small parking lot, a valuable amenity in a high‑traffic area.

We can help!

Listing Contact

David Cutler

Learn more

For Sale

$299,000

Commercial/retail building with parking near Salem T station.

Type:Commercial

Property size:

1,100 SF

Price / SF:

$271/SF

Added:: Apr 25, 2026
Days on Market:: 49
Last Refresh:: Apr 25 at 6:32 am

Property Features for 280 Bridge St

General Information

Standard status: Active
Size: 1,100 SF
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

David Cutler

Listing agent David Cutler License #9529198

Listing office North Shore Realty Pros

Listing date Apr 25, 2026

Source Liongatere

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 North Shore Realty Pros

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.
Significant development planned for the immediate area, promising future growth and increased property value.
Potential for various businesses such as retail, office, or even residential conversion.
Includes a small parking lot, a valuable amenity in a high‑traffic area.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$26.4k	$24.00
− Vacancy	−$581	−$0.53
EGI	$25.8k	$23.47
− OpEx	−$7.7k	−$7.04
NOI	$18.1k	$16.43

1,100 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$258.2K

$225.9K – $301.2K (±1% cap)

NOI $18,073 @ 7.0% cap · market cap 6.04%

Second Best

—

no second resolved use

Theoretical Best

Office A

$651.2K

$569.8K – $759.7K (±1% cap)

NOI $45,584 @ 7.0% cap · market cap 15.25%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Salem
County: Essex
State: Massachusetts
Longitude: -70.8993186
Latitude: 42.5239772

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For sale
Retail space
MA
Salem
01970
280 Bridge St

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 is the asking price?

The asking price for this property is $299,000.

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.