522 Confidential Salem, MA 01970
- Retail properties
- 1,370 SF
Current Use by Public Records
- Retail properties
Property Details for 522 Confidential
- Year built
- 1920
- Property size
- 1,370 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Salem, MA, liquor store presents a lucrative investment opportunity. The 1,370 square foot, Class B retail property, built in 1920 and renovated in 2001, sits on a 4,212 square foot lot and boasts a 100% occupancy rate since March 1, 2001. The property features eight parking spaces per unit and is zoned R2. With a strong NOI of $242,000 and an attractive cap rate of 16.69%, this net lease investment offers significant potential for return. The asking price is $1,450,000, translating to $1,058.39 per square foot. The business itself has a long-standing history, exceeding 24 years of operation, and benefits from a high-traffic location ensuring excellent visibility and profitability. The property's established history, strong financials, and semi-absentee ownership model provide a turnkey opportunity for growth and innovation within a stable and profitable business structure. Further details are available upon request. Buyer to sign an NDA.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8952
- Latitude
- 42.5235
