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Property profile & analytics
OFF-MARKET Estimated value $1,970,000
Hotels

18 Washington Sq Salem, MA 01970-4056

72,314 SF 1.02 ac lot Built 1926
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US38-1452463
Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1926
Construction STEEL FRAME
Total area 72,314 SF
Lot 1.02 ac (44,305 SF)
Zoning code B5
APN SALE M:35 L:0412
UPID US38-1452463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hawthorne Hotel Hotel & Motel
  • Nathaniel's Restaurant Restaurant
  • Hawthorne Catering Co Take-out & Catering Catering Service
  • Kensington Stobart Gallery Art Gallery
  • The Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.40M
Blend (final) Blend
$1.97M
Owner & transaction history
3 Corners Realty LLC · 7 yrs held
3 Corners Realty LLC
since 2019
7 recorded transactions
2019
Price N/A
2012
Price N/A
2011
Price N/A
2010
Price N/A
2007
Price N/A
2003
Price N/A
1996
Price N/A
Zoning & alternative use
B5 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be applicable upon approval by the Executive Office of Housing and Livable Communities of a district compliance application that includes the C-ROD district in the compliance model of the application. 8.9.4 Limitation on Uses Bel…

Zone name Central Development
General category UNKNOWN
Zone area 91.93 ac
Source zoning ordinance
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