265 Essex St, Salem, MA 01970

Bill Rand

Henry Lieber

MA 9516938-RE-S, MA 9516938-RE-S

Gina Barroso

MA 9071729, NH 067267

Listed by Hunneman

Unpriced

124 days on market

Updated 33 days ago

Opportunity zone

265 Essex Street

Details

Property Type

Office

Sub Type

Traditional Office

Square Footage

14,176

Occupancy

100%

Broker Co-Op

Class

Year Built

1916

Year Renovated

1985

Buildings

Stories

Acreage

0.330

Zoning

Investment Type

Stabilized

For Sale - Prominent ±14,176 RSF, Brick Office Building Downtown Salem, MA

Marketing description

As exclusive listing agent, Hunneman is pleased to offer for sale 265 Essex Street (“Property”), a prominent brick office building in vibrant downtown Salem, MA. 265 Essex Street is a ±14,176 RSF Class B office building strategically located off Route 114, with close proximity to Route 128 and Interstate 95. Situated along one of Salem’s most active corridors and close to Salem’s most popular destinations – the Bewitched Sculpture, the Peabody Essex Museum and the Witch House at Salem – 265 Essex Street receives tremendous foot traffic.

265 Essex Street offers durable income as well as value-add potential through rental growth and/or future redevelopment.

Investment highlights

Durable in-place cash flow with upside potential
100% Leased to diverse, local tenancy
Ideal Opportunity for investors and/or 1031 exchange buyers
Strategic location off Route 114 and close proximity to Route 128 and Interstate 95
Prominently positioned in Downtown Salem surrounded by a wealth of area amenities