This prime multi-tenant investment opportunity is strategically located in the heart of Salem with excellent accessibility to major highways, public transportation, and neighboring communities, and presents a rare investment or owner-occupant opportunity. The property consists of two spacious commercial units: the first floor is currently leased at will, this unit includes two private restrooms and a dedicated entrance, providing stable rental income. The second floor space is owner-occupied and operating as a salon. This unit features a private restroom and flexible layout suited for a variety of professional or personal service uses. Front and rear entrances for each unit, two oil heating systems, central air conditioning, solar panels, and on-site parking for up to 11 vehicles. All information was obtained from the Seller and reliable public sources. Prospective buyers should perform due diligence in all matters of a contemplated acquisition.

Property Details

Price:
$875,000
MLS #:
73416407
Status:
Active
Beds:
0
Baths:
3
Address:
97 Boston St
Type:
Commercial
City:
Salem
Listed Date:
Aug 11, 2025
State:
MA
Finished Sq Ft:
3,660
Total Sq Ft:
3,660
ZIP:
01970
Lot Size:
7,658 sqft / 0.18 acres (approx)
Year Built:
1784

Schools

Interior

Exterior

Parking Spots
11
Roof
Asphalt/ Composition Shingles

Financial

Tax Year
2025
Taxes
$10,607

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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97 Boston St
Salem, MA