Property profile

299 Essex St Salem, MA 01970

OFF-MARKET
Turn key restaurants
Property ID
US38-0822014
2,303 SF 0.06 ac lot Built 1900
Entity Owned Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction STEEL FRAME
Total area 2,303 SF
Lot 0.06 ac (2,609 SF)
Zoning code B5
APN SALE M:26 L:0457
UPID US38-0822014

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

299 Essex St Salem, MA 01970-3435
Salem metro Census 204200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2026
2 recorded transactions
2026
$900,000
2013
$400,000

Zoning & alternative use

B5 · Salem, MA
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…

General category UNKNOWN

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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