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63 Grove St

Salem, MA 01970
  • $4,499,000
  • STATUS: Active
  • MLS #: 73202359
UPDATED: 70 min ago
$4,499,000
  • 0
    BEDS
  • 1.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,308
    SQFT
  • $131
    $/SQFT
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Listing courtesy of Rosa Decastro of Lynnway Associates.

Description

An excellent investment opportunity in Salem's most active redevelopment area. Over 62,000 sq ft of development potential. Located two miles from central Salem and Peabody city line. Concrete block and steel construction. The first level is an industrial warehouse with heavy power. The second level is 5,500 sq ft of renovated office space with separate HVAC. A drive-in door and five loading dock doors with one dock accommodating interior loading. Great upside in this emerging neighborhood! Buyer/buyer's agent to perform your own due diligence.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-05-22T16:05:45.633.
www.welchmanrealestate.com/homes/147608255
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63 Grove St Salem, MA 01970

  • Price: $4,499,000
  • Status: Active
  • On Site: Days
  • Updated: 70 min ago
  • MLS #: 73202359
0
Beds
0
Baths
0
½ Baths
1.44
Acres
34,308
SQFT
$131
$/SQFT
1953
Built
County:
Essex
Property Description
An excellent investment opportunity in Salem's most active redevelopment area. Over 62,000 sq ft of development potential. Located two miles from central Salem and Peabody city line. Concrete block and steel construction. The first level is an industrial warehouse with heavy power. The second level is 5,500 sq ft of renovated office space with separate HVAC. A drive-in door and five loading dock doors with one dock accommodating interior loading. Great upside in this emerging neighborhood! Buyer/buyer's agent to perform your own due diligence.
Exterior Features

Frontage Length 79.00 Parking Total 30 Waterfront YN No

Interior Features

Building Area Total 34308

Property Features

Business Type Industrial Buyer Agency Compensation 2 Disclosures Partial warehouse is currently leased for $8900.00+ Utilities per monthwith 3% annual increase. The remaining of the warehouse plus the upstairs offices are currently being used by the seller for his business in food import industry. Home Warranty YN No Senior Community YN No Tax Annual Amount 42763 Tax Year 2024 Transaction Broker Compensation 0 Zoning BP

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Rosa Decastro of Lynnway Associates: 781-558-8518.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-05-22T16:05:45.633.
 
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Welchman Real Estate Group | Lila Delman Compass
29 Meetinghouse Lane
Little Compton RI, 02837
Listing courtesy of Rosa Decastro of Lynnway Associates.