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49 Federal St Salem, MA 01970
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Key Details
Sold Price $550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,176 sqft
Price per Sqft $131
MLS Listing ID 72570195
Sold Date 12/13/19
Year Built 1800
Annual Tax Amount $14,305
Tax Year 2019
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Circa 1880, Mansard Victorian, 3 story office building located on Historic Federal Street. Conveniently situated across the street from Essex County Superior Court, Essex Probate & Family Court and Salem Trial Court. Steps to thriving downtown Salem & the train station. Currently used as 2 separate, Law Practices which occupy all 3 floors. 1st floor has 10' ceilings, 2 marble fire places (should be checked), 2 spacious offices (13x19), 3rd office or conference room, waiting room and 1/2 bath. 2nd floor has 5 offices (2 are 13x 18). 3rd floor has a 5 offices (1 office is 13x19) and a 1/2 bath. There is an additional separate side entrance to building that goes from exterior to the 3rd floor. All 3 floors can be accessed privately from rear entrance. Versatile layout for more than one business to operate. Possible conversion to a residential two family or two condominiums. Buyer should check with City to see if residential is feasible. Parking space on left side belongs to 49 Federal.
Location
State MA
County Essex
Zoning B5
Direction Federal St between Washington St & North St. Across from Essex County Superior Court.
Exterior
Utilities Available Public Water, Public Sewer
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Bought with Michael Becker • Atlantic Coast Homes,Inc