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11 Vinnin St

2,400 SF 100% Leased Office Building Salem, MA 01970 £592,507 (£247/SF)

Executive Summary

Beautifully renovated office building with high visibility and located within the sought after Vinnin Square area. Full basement and updated electrical panel. Central air conditioning and gas heating. This was a former kitchen cabinet location and many of the custom cabinetry and lighting are featured within the offices and common areas. Eight individual offices plus waiting areas. Two bathrooms and a kitchenette. Currently used for a psychotherapy practice, this building could be used for many other office purposes including being a business office, real estate office, law office, accounting office, architect's office, hair salon, day spa etc. Property is on septic system and owner will provide a Title V before closing. If you are currently renting office space, this is an ideal opportunity to own your office space and build equity at a high demand location.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,400 SF
Building Class
C
Year Built
1926
Price
£592,507
Price Per SF
£247
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,200 SF
Building FAR
0.42
Land Acres
0.13 AC
Zoning
R-1 - R-1 Variance for business use in place.
Parking
9 Spaces (3.75 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SALE-000030-000000-000001
Land Assessment
£230,704
Improvements Assessment
£139,495
Total Assessment
£370,199
  • Listing ID: 33273681

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 11 Vinnin St, Salem, MA 01970

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