Retail Investment or Redevelopment

Retail-Commercial for Sale
Catylist Listing ID: 30024776
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 36,602 SF
Gross Building Area: See Agent
Sale Price: $3,200,000
Unit Price: $87.43 PSF
Ceiling: 16 ft.
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/22/2017

Overview / Comments

Well located and highly visible, this unique investment/development site is located in downtown Salem. Anchor NNN tenants include RiteAid and Sammy J's restaurant. The property sits on 5.25± acres and consists of a 10,800± sf Rite Aid Pharmacy, a 4,096± sf retail space, and an 11,706± sf space with a 16' and 2x 12' overhead doors, currently owner occupied business. Large contractor yard with open sheds. This was formerly Steinbeke's Hardware Store, as consists of showroom, offices and warehouse space.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 90/ / 1069
Zoning: CI-C
Retail Clientele: Business
Largest Nearby Street: Rte 28
Traffic/Vehicle Count: 24,000
Tenancy: Multiple Tenants
Year Built: 2015
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Type: Surface
Heat Type: Natural Gas
Lot Frontage: 250
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,259 32,451 133,503
Median Age: 47.05 43.38 38.49
Households: 2,636 12,538 47,221
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