1 Dipietro Avenue, Salem MA 01970

Salem, MA 01970
$575,000
Est. $3,573/month
0.54
Acres
1964
Year Built
104
Days on Market
Pending Price Drop -$100,000 Listed Aug 4, 2025 • MLS# 73413342 Copied!

About this home

Property with Adjacent Development Land – 1 Dipietro Ave & 3 Swampscott Rd, Salem, MA This two-parcel offering presents a strategic opportunity in Salem’s expanding South Side commercial zone. The primary parcel, 1 Dipietro Avenue and Directly behind it lies 3 Swampscott Road, a 1.31-acre vacant lot with B-2 zoning, offering excellent development potential.Both parcels are zoned B-2 (Business-Highway District), supporting a broad array of commercial uses including office, retail, restaurants, contractor bays, automotive services, and more. Together, the properties provide approximately 1.85 acres of usable land, making them ideal for developers, owner-users, or investors seeking a phased redevelopment or hybrid income/development strategy. With close proximity to Highland Avenue (Route 107), Salem Hospital, and established business nodes, this site offers great long-term upside. Please note these parcels are being sold "as is". Please do not walk the property without an appointment.

Property Overview

Listing Type
Commercial Sale
Year Built
1964

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1964
Lot Size 0.54 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $5,589

Interior Features

Flooring:
Appliances:
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Construction & Materials

Year Built: 1964
Structure Type:
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Heating, Cooling & Utilities

Heating:
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Exterior & Lot

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Parking & Garage

Parking Features:

Location

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Neighborhood

1 Dipietro Avenue, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $466
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Aug 4, 2025
$575,000
Original listing
Agent: Stephen Cavanaugh Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Aug 4, 2025 New Listing Added $575,000

Market Statistics

Days on Market
104 days
Price per Sq Ft
$—
Total Price Drop
-$100,000

Tax History

Year Taxes Assessment
2024 $5,589

Financial Details

Annual Property Tax
$5,589
Tax Year 2024

Listing Information

Listing Agent Stephen Cavanaugh
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN211777
Office MLS ID AN6888
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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1 Dipietro Avenue, Salem MA 01970 - Photo 1 1 Dipietro Avenue, Salem MA 01970 - Photo 2 1 Dipietro Avenue, Salem MA 01970 - Photo 3 1 Dipietro Avenue, Salem MA 01970 - Photo 4 1 Dipietro Avenue, Salem MA 01970 - Photo 5 1 Dipietro Avenue, Salem MA 01970 - Photo 6 1 Dipietro Avenue, Salem MA 01970 - Photo 7 1 Dipietro Avenue, Salem MA 01970 - Photo 8 1 Dipietro Avenue, Salem MA 01970 - Photo 9 1 Dipietro Avenue, Salem MA 01970 - Photo 10 1 Dipietro Avenue, Salem MA 01970 - Photo 11 1 Dipietro Avenue, Salem MA 01970 - Photo 12 1 Dipietro Avenue, Salem MA 01970 - Photo 13 1 Dipietro Avenue, Salem MA 01970 - Photo 14 1 Dipietro Avenue, Salem MA 01970 - Photo 15 1 Dipietro Avenue, Salem MA 01970 - Photo 16 1 Dipietro Avenue, Salem MA 01970 - Photo 17 1 Dipietro Avenue, Salem MA 01970 - Photo 18 1 Dipietro Avenue, Salem MA 01970 - Photo 19 1 Dipietro Avenue, Salem MA 01970 - Photo 20 1 Dipietro Avenue, Salem MA 01970 - Photo 21 1 Dipietro Avenue, Salem MA 01970 - Photo 22 1 Dipietro Avenue, Salem MA 01970 - Photo 23 1 Dipietro Avenue, Salem MA 01970 - Photo 24 1 Dipietro Avenue, Salem MA 01970 - Photo 25 1 Dipietro Avenue, Salem MA 01970 - Photo 26

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