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    Salem, MA
    Retail

    Salem, MA Retail Properties & Spaces for Sale

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    Retail Building Near Salem T
    Updated: Sep 17, 2024
    Retail Building Near Salem T

    280 Bridge St, Salem, MA 01970

    $299,000
    1,100 sqft
    High‑traffic location steps from the Salem T, offering excellent visibility and accessibility.
    Versatile NRCC zoning allows for a wide range of uses by right, including residential, retail, and office spaces.
    Ready for build‑out with new subfloors, providing a blank canvas for customization.
    Significant development planned for the immediate area, promising future growth and increased property value.
    Potential for various businesses such as retail, office, or even residential conversion.
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    This listing looks promising.

    Here's a quick look at some key insights for

    280 Bridge St, Salem, MA 01970

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    • Est. Cap Rate

      6%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $258K
      Suggested

    • Last Sold

      Dec 2021
      $225K

    • Property Type

      Retail Stores
      Built 1900
    View Property Analytics
    Commercial Sale, Salem, MA
    Updated: May 12
    Commercial Sale, Salem, MA

    296 & 288 Highland Avenue, Salem, MA 01950

    $2,795,000
    12.25 AC lot
    View details
    Automotive Facility with Service Bays
    Automotive Facility with Service Bays

    296 & 288 Highland Ave, Salem, MA 01970

    $2,995,000
    5,483 sqft

    Approved for auto body use, this automotive facility features six service bays, lifts, and showroom space on high-traffic frontage.

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    High-Ceiling Retail Storefront
    High-Ceiling Retail Storefront

    50 Grove St, Salem, MA 01970

    Contact for pricing
    5,500 sqft

    First-floor retail space with high ceilings, abundant natural light, shared restrooms, and private sink.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Convenience Storefront with Basement Storage
    Convenience Storefront with Basement Storage

    30 Boston St, Salem, MA 01970

    Contact for pricing
    1,228 sqft

    Commercial storefront with basement storage, street parking, and separately metered gas and electric service.

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    Mixed-Use Building with Retail Tenant
    Mixed-Use Building with Retail Tenant

    112 North St, Salem, MA 01970

    $899,000

    Ground-floor commercial tenant with updated two-bedroom apartments on the second and third floors of a landmark building.

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    Turnkey Auto Detailing Facility
    Turnkey Auto Detailing Facility

    51 Canal St Rear, Salem, MA 01970

    $100,000

    Turnkey auto detailing operation offering basic washes through premium detailing, located next to a well-known car wash.

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    Salem Commercial Building Near Transit
    Salem Commercial Building Near Transit

    280 Bridge St, Salem, MA 01970

    Contact for pricing
    1,106 sqft

    Freestanding commercial building near Salem T with development potential.

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    Salem Retail/Office Building For Sale
    Salem Retail/Office Building For Sale

    280 Bridge St, Salem, MA 01970

    Contact for pricing
    1,100 sqft

    Commercial/retail building near Salem T. Development planned for area.

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    Two-Level Office Units
    Two-Level Office Units

    167 Boston St, Salem, MA 01970

    Contact for pricing

    Flexible office or retail space with dedicated restrooms on both levels and C-1 zoning.

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    Salem Retail Building Near Transit
    Salem Retail Building Near Transit

    280 Bridge St, Salem, MA 01970

    Contact for pricing
    1,106 sqft

    Freestanding 1,106 SF commercial building near Salem T.

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    Freestanding Commercial Building Near Salem T
    Freestanding Commercial Building Near Salem T

    280 Bridge Street, Salem, MA 01970

    Contact for pricing
    1,106 sqft

    1,100 SF commercial building with parking near Salem T.

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    High-Visibility Commercial Space in Salem
    High-Visibility Commercial Space in Salem

    97 Bridge Street, Salem, MA 01970

    Contact for pricing

    Commercial space in Salem near downtown and commuter rail.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Retail and Office Building
    Downtown Retail and Office Building

    175-181 Rantoul St, Beverly, MA 01915

    $1,295,000
    6,428 sqft

    Standalone street-level retail and office building with large storefront windows and full basement for added support space.

    View details
    Storefront Space with Street Visibility
    Storefront Space with Street Visibility

    68 Main St, Peabody, MA 01960

    Contact for pricing
    2,500 sqft

    Turnkey retail or office space with exterior access, large windows, and street visibility on Main Street in Peabody.

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    Corner Auto Shop with Office
    Corner Auto Shop with Office

    78 Cabot Street, Beverly, MA 01915

    $350,000

    Corner commercial building with a large overhead door and small office, currently used as a bike shop and used car lot.

    View details
    Three-Story Flex Building
    Three-Story Flex Building

    26 Howley St, Peabody, MA 01960

    Contact for pricing

    Multi-use space combines light fabrication, retail, and office areas with loading access and on-site parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Building on 13 Acres
    Vacant Building on 13 Acres

    1250 Turnpike Street, North Andover, MA 01845

    $899,000
    7,200 sqft 13.00 AC lot

    13 acres with vacant building along Route 114.

    View details
    Downtown Andover Land For Sale
    Downtown Andover Land For Sale

    16R High St, Andover, MA 01810

    $629,900

    Land in downtown Andover with General Business zoning.

    View details
    Development Opportunity on Andover Street
    Development Opportunity on Andover Street

    1575 Andover St, Tewksbury, MA 01876

    $2,000,000
    2.10 AC lot

    Two parcels totaling over 2.1 acres for development.

    View details
    Methuen Historic District Land Opportunity
    Methuen Historic District Land Opportunity

    281 Broadway, Methuen, MA 01844

    $750,000
    0.50 AC lot

    Half acre in historic district near I-93 and New Hampshire.

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    Off-Market Properties in Salem, MA

    Consider similar Off-Market properties in Salem, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    86 Highland Ave
    SHOW ROOM, WAREHOUSE

    86 Highland Ave, Salem, MA 01970-2715

    $410,000
    Estimated value
    3,772 sqft 0.20 AC lot
    View details
    128 Nn St
    RETAIL STORES (PERSONAL SERVICES)

    128 Nn St, Salem, MA 01970-2549

    $1,095,000
    Estimated value
    5,838 sqft 0.60 AC lot
    View details
    40 Boston St
    RETAIL STORES (PERSONAL SERVICES)

    40 Boston St, Salem, MA 01970-2146

    $335,000
    Estimated value
    2,000 sqft 0.06 AC lot
    View details
    78 Margin St, Unit 88
    AUTO REPAIR, GARAGE

    78 Margin St, Salem, MA 01970-3340

    Unit 88
    $490,000
    Estimated value
    9,671 sqft 0.38 AC lot
    View details
    175 Ft Ave
    RESTAURANT

    175 Ft Ave, Salem, MA 01970-5741

    $410,000
    Estimated value
    1,050 sqft 0.03 AC lot
    View details
    103 School St
    RETAIL STORES (PERSONAL SERVICES)

    103 School St, Salem, MA 01970-2309

    $735,000
    Estimated value
    4,720 sqft 0.29 AC lot
    View details
    145 Derby St
    PARKING LOT

    145 Derby St, Salem, MA 01970-5639

    $775,000
    Estimated value
    0.15 AC lot
    View details
    280 Jefferson Ave
    RETAIL STORES (PERSONAL SERVICES)

    280 Jefferson Ave, Salem, MA 01970-2841

    $260,000
    Estimated value
    1,788 sqft 0.05 AC lot
    View details
    250 Highland Ave
    RETAIL STORES (PERSONAL SERVICES)

    250 Highland Ave, Salem, MA 01970-1842

    $2,290,000
    Estimated value
    1,150 sqft 0.30 AC lot
    View details
    97 Ocean Ave
    AUTO REPAIR, GARAGE

    97 Ocean Ave, Salem, MA 01970-4640

    $750,000
    Estimated value
    2,400 sqft 0.22 AC lot
    View details
    307 Highland Ave
    VEHICLE SALES, RENTALS

    307 Highland Ave, Salem, MA 01970

    $1,005,000
    Estimated value
    1,305 sqft 0.34 AC lot
    View details

    Salem, MA Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Salem, MA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 17,729 square feet of properties for sale, with an estimated market value of $7,088,000.

    Sale prices for stores in Salem, MA start at $100,000, averaging $1,417,600, and reaching up to $2,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 9
    Auto shops 5
    Automotive properties 5
    Car washes 1
    Grocery and convenience stores 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +2.2%
    Median Household Income $85,189
    College Educated 35.2%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01970 $550.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.11%
    Property Tax per SF $33.59 per SF
    Tax Rate vs County Average 0.41 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Salem, MA

    • 01970
    • 01950

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