See Home Value
$1,164,817*
Commercial - Off Market

2 Bridge Street

Salem, MA 01970
bedrooms
Studio
bathrooms
0 Bath
square feet
3774 Sqft
$900,000 - $1,100,000
Reference Base Price*
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Reduced! Rare opportunity to acquire a waterfront restaurant property mid-renovation. The design work is completed to transform this local landmark into a trophy waterfront restaurant. Previously this restaurant has been a single level, plans are now complete to move the prep kitchen, restrooms, office, storage, employee space & a large service window for the patio downstairs, leaving the upstairs as dining, open kitchen, private dining/ small functions & bar, with extensive outdoor seating on wraparound decks to enjoy the views. There is a tidal dock on the water that facilitates dockside pickup & adds additional ambiance. The design is fully compliant, no variances required! This sale includes a full liquor license, there are currently no more available in Salem. Designs for the rooftop include an eco-friendly green roof with a vegetable & herb garden, it has the possibility to be a rooftop deck. The interior has been gutted to make way for renovations.

The manager has listed the unit size as 3774 square feet.
Unit Size
3,774Ft²
Days on Market
-
Land Size
-
Price per sqft
$265
Property Type
Commercial
Property Taxes
$22,349
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
May 25, 2021 No longer available -
No longer available
May 11, 2021 Relisted $1,000,000
Relisted
Apr 29, 2021 In contract -
In contract
Mar 4, 2021 Relisted $1,000,000
Relisted
Feb 17, 2021 In contract -
In contract
Show More

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
9 Beds
10 Baths
-
$950,000 Jun 21, 2022
- Aug 3, 2022
$700/mo
Multifamily
10 Beds
6 Baths
-
$875,000 Mar 22, 2016
$875,000 Jun 22, 2016
$639/mo
Commercial
Loft
-
-
$849,000 Oct 11, 2022
-
$721/mo
Multifamily
5 Beds
2 Baths
-
$879,900 Nov 17, 2022
-
$643/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200910
09/10/2020
Loft
-
3774 ft²
$1,500,000
bedrooms
Loft
bathrooms
-
square feet
3774 ft²
-
-
-
-

Building Info

2 Bridge Street 2 Bridge Street, Salem, MA 01970
More about this Building
2 Bridge Street
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About Salem Neck


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