Commercial Sale at 314 Essex St, Salem MA 01970, Salem
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42 photos

$1,875,000

314 Essex St, Salem MA 01970
Salem, MA 01970
Listed by Andrew Pike
Bedrooms
N/A
Bathrooms
N/A
Living area
4,670 sqft
Year built
1755

About this home

Amazing Bed & Breakfast opportunity! Built in 1755, this historic Georgian style gambrel features more than 4,500 SF of living space on 3 levels and private fenced yard. This trophy home was completely renovated in 2016 back to its historic grandeur. The entry level features a spacious reception foyer flanked by 2 sitting rooms, both with wood burning fireplaces, a formal dining room with seating for 10+ ppl, and 1/2 bath. Also located on the 1st level is a one-of-a-kind chef's kitchen featuring a large wood-burning hearth and commercial-sized range, fridge, freezer, dishwasher and steam wall oven. The 2nd level features 3 en-suite bedrooms surrounding a spacious landing. The 3rd level boasts a massive primary suite w/ spa-worthy bath, walk-in closet, den, gym, kitchenette and office space. An enterprising owner may capitalize on the B&B/AirBNB and special event potential this location affords abutting the Witch House and downtown Salem.

Property details

MLS #
73516005
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
150
On market date
May 11, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Saltonstall School
0.67 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.57 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
High
New Liberty Innovation School
0.31 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
54
Student:teacher ratio
13.5:1
District
Salem

Walkability

Blended score for Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 150 days -- 55 more days than Salem's current average of 95 days.
For reference, the median list price across 392 active listings in Salem right now is $407,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$11,441/mo
$375,000 down
$1,500,000 loan
Principal & interest$9,729
Property tax (est.)$1,563
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 12, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.