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11 Vinnin St

2,400 SF 100% Leased Office Building Salem, MA 01970 $750,000 ($313/SF)

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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

Property Subtype

Loft/Creative Space

Building Size

2,400 SF

Building Class

Year Built

1926

Price

$750,000

Price Per SF

$313

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

1,200 SF

Building FAR

0.42

Lot Size

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)

Space Availability

1st Floor
2,400 SF
Office
-
Jan 2025

Entire building is for lease, 2 floors of highly customized office space. Each floor is roughly 1200sqft and has 4 offices, but with minimal effort, the space can be converted to a unique retail/ showroom.