INNOVATE Real Estate
Commercial Sale at 1 S Mason St, Salem MA 01970, Salem
Commercial Sale at 1 S Mason St, Salem MA 01970, Salem, photo 2 of 3
Commercial Sale at 1 S Mason St, Salem MA 01970, Salem, photo 3 of 3
3 photos

$595,000

1 S Mason St, Salem MA 01970
Salem, MA 01970
Listed by David Hark
Bedrooms
N/A
Bathrooms
N/A
Living area
2,160 sqft
Year built
1955

About this home

One story steel framed industrial building with three drive in doors. Located in an active commercial area which is in the process of being redeveloped with various new construction projects planned including residential and commercial. The building is nearly wide open with no columns. Building needs renovations but will function well for many types of light industrial or "maker space" uses. Automotive service is not allowed in this North River Corridor zoning district. The zoning also allows a number of other uses including residential and combined residential and commercial uses either "by right" or by "special permit".

Property details

MLS #
73473400
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
248
On market date
February 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.14 acres

Location

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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
Bates
0.7 mi away · Grades -1-5
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
354
Student:teacher ratio
11.1:1
District
Salem
Middle
Collins Middle
0.74 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
Salem Prep High School
0.46 mi away · Grades 8-12
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
17
Student:teacher ratio
4.3:1
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).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores17
Parks20
Schools20
Transit stops20
Pharmacies7

Market position

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

On the market 248 days -- 153 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

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Est. monthly payment
$3,733/mo
$119,000 down
$476,000 loan
Principal & interest$3,087
Property tax (est.)$496
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 8, 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.