Property profile

429 Highland Ave Salem, MA 01970

OFF-MARKET
Turn key restaurants
Property ID
US38-0981135
1,753 SF 0.38 ac lot Built 2006
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction FRAME
Total area 1,753 SF
Lot 0.38 ac (16,627 SF)
Zoning code B2
APN SALE M:03 L:0125
UPID US38-0981135

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
  • Cafe & Coffee Shop

Location

429 Highland Ave Salem, MA 01970-1741
Salem metro Census 204701 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2006
5 recorded transactions
2006
Price N/A
2006
$1
2000
$400,000
1989
$500,000
1969
Price N/A

Zoning & alternative use

B2 · Salem, MA
Zoning description

The Intent of this To promote Business Highway Uses

General category COMMERCIAL

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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