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    84 Highland Ave Salem, MA 01970

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    For Sale
    $100,000

    Turnkey dry cleaning business with 40+ year history in Salem.

    Property Features for 84 Highland Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1983

    Source: Nina-Soto Realty, LLC Agent Jackinson Mena

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

    Overview

    Established Dry Cleaning Business For Sale

    This well-established dry cleaning business, located in Salem, Massachusetts, has been serving the community for over 40 years. The business has a strong reputation for quality service. The current owner has operated the business for the past 9 years and is now retiring. This presents an opportunity for a new owner to take over a well-established operation. The business has a loyal customer base and consistent demand. This turnkey business offers earning potential for the right buyer. It is suited for an owner-operator or investor looking to step into a service-based business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star Dry Cleaners Dry Cleaner Notary Public Services Notary Public Peter's Bella Pizza Pizza Restaurant Essex Edge Insurance ... Insurance Agency Dr. Andrew Kwait, ... Psychiatrist

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.909235
    Latitude
    42.512067

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    FAQs

    What type of property is this?
    Retail space - Turnkey dry cleaning business with 40+ year history in Salem.
    Where is this retail space located?
    The property is located at 84 Highland Ave Salem, MA.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Well-established dry cleaning business with a 40+ year history and strong community reputation.; - Turnkey operation with a loyal customer base and consistent demand.; - Proven earning potential and opportunity for continued success.
    (978) 594-1292
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    84 Highland Ave Salem, MA 01970
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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
    84 Highland Ave Salem, MA 01970
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