280 Bridge St

280 Bridge St , Salem, Massachusetts, 01970 | 1,106 sq.f | $ 390,000

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About This Restaurant

Investment Highlights

Executive Summary

Amazing Location with High pedestrian & traffic count. 1,100+ sq ft commercial / retail building w/ small parking lot only steps to the Salem T. Formerly used as Bait & Tackle retail store. Zoning NRCC (North River Canal Corridor Neighborhood Mixed Use). Seller is negotiable to different business ideas and lease arrangements or will consider a sale. Property needs updating. Allowed by right: Artist Lofts & living space, Studio, Gallery, Trade School, Business & Professional Office (Lawyers, Accountants, Real Estate Broker, etc), Medical/Dental office, Single Family home, Retail (Convenient Store, Coffee Shop, Tourist Attraction, Gift Shop, Florist, Barber Shop / Salon, Bank, Laundromat, Liquor Store. Allowed w/ Special permit: Music, Recording, Dance studio, Light manufacturing, Brewery/Distiller/Winery w/ Tasting Room, Hotel or Inn, Social Club, Lodge, Restaurant, Bar. Tons of development planned for immediate area! Own a part of the action.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Conditions    Distress Sale Distress Sale Build to Suit Lease Option Deferred Maintenance Distress Sale
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Freestanding General Retail Restaurant OfficeLoft Creative Space Freestanding
  • Building Size    1,106
  • Building Class    C
  • Year Built    1900
  • Price    390,000
  • Price Per SF    353
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.36
  • Land Acres    0.07 AC

Amenities

  • Air Conditioning

Nearby Amenities & Transportation

Retail Salem Five
Retail Santander
Retail BonChon
Retail The YMCA
Retail Village Tavern
Retail Starbucks
Retail Eastern Bank
Retail Stop & Shop Supermarkets
Retail Citizens Bank
Retail Ninety Nine Restaurant & Pub

Property Taxes

Parcel Number SALE-000026-000000-000039 SALE-000026-000000-000376 Improvements Assessment $682,200
Land Assessment $333,500 Total Assessment $1,015,700
Date Created: 2024-07-16 04:16:17 Last Updated: 2024-07-16 04:16:17
Address: 280 Bridge St , Salem, Massachusetts, 01970