38 Norman St Salem, MA 01970-3331
This exceptional Class A commercial property, located at 38 Norman Street in Salem, Massachusetts, offers 2,890 square feet of versatile space ideal for retail, restaurant, or special purpose uses. Situated on a 0.35-acre lot, this single-tenant building boasts new construction and is conveniently located near Salem's airport. The property features modern amenities including elevators, making it an attractive option for a variety of businesses. The building's prime location within Salem offers excellent visibility and accessibility, ensuring high foot traffic and potential for significant growth. This is a rare opportunity to secure a brand-new, high-quality commercial space in a thriving Massachusetts market. The property is anticipated to be available in 2025. The building's design and construction meet the highest standards, ensuring a functional and aesthetically pleasing space for your business. Its strategic location near the airport provides convenient access for both local clientele and those traveling through the region. With its ample square footage and versatile layout, this property presents a unique opportunity for businesses seeking a prominent presence in Salem. Inquire today to learn more about this exceptional commercial space. Zip code: 01970.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Salem, MASalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.