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0 Paradise Rd. & Vinnin St Swampscott, MA 01970

OFF-MARKET Retail properties & Spaces Google Maps
48,587 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Paradise Plaza, situated at the intersection of Paradise Road and Vinnin Street in Salem, Massachusetts (zip code 01970), presents a remarkable retail opportunity. This single-suite space, totaling 4,745 square feet, is part of a larger 48,587 square foot commercial center located in the Vinnin Square sub-market of Salem, within Essex County. The property enjoys a high-traffic location on Route 1A, benefiting from excellent visibility and accessibility. The plaza itself houses a diverse mix of national, regional, and local businesses, creating a vibrant and synergistic retail environment. Ample parking is available for customers and employees, with a total of 258 spaces provided for the entire center. This retail space is currently vacant and ready for immediate occupancy, offering a unique chance to establish or expand a business in a thriving commercial area. The property is classified as a multi-tenant retail building, providing potential for interaction and shared customer base with neighboring businesses. The address is officially listed as Paradise Rd. & Vinnin St., Swampscott, MA, though the city listed in the property records is Salem.

Property profile

Verified
Property type Retail properties & Spaces
Total area 48,587 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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