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.
Location
MA
Essex
Salem
01970
63
Grove St
Use GPS-Site access from Flint St
W71° 5′ 27.2”
N42° 31′ 16.1”
63 Grove St, Salem MA 01970
63
School Information
Community Information
1
Additional Information
Unknown
Systems and Appliances
Home owner association information
Zoning/Tax Information
$42,763
2024
BP
40968
0371
16
Legal Non-Conforming
Building Information
34,308 Sqft
No
Paved
No
No
Features
: 30
No
Listing Agent/Office
Lynnway Associates
Rosa DeCastro
AN7887
CN238628
63 Grove St, Salem MA 01970 – For Sale
63 Grove St, Salem, Massachusetts 01970
34,308 Sqft
$4,499,000
Listing ID #73202359
Basic Details
Price : $4,499,000
Original List Price : $4,499,000
Listing Type : For Sale
Buyer Agency Compensation : 2
Listing ID : 73202359
Listing Category : Commercial
Listing Status : Active
Listing Sub-Status : Active
Days on Market : 93
Living Area : 34,308 Sqft
Year Built : 1953
Lot Size : 62,726 Sqft
Lot Size (Acres) : 1.44
Disclosures : Partial warehouse is currently leased for $8900.00+ Utilities per month
with 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.
List Date : 02/14/2024 01:24 PM
Last Status updated: : 02/14/2024 01:24 PM
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Agent info
Douglas Elliman
20 Park Plaza, Boston MA
Contact Agent