63 Grove St Salem, MA ^$ 4,499,000

63 Grove St

^$ 4,499,000

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63 Grove St

Salem, MA, 01970

^$ 4,499,000

Studio Baths3.0 Sq 34,308

Monthly Estimate*

^$ 29,902

Studio

Commercial Property for sale in Salem, MA

for $4,499,000 with 3 full baths. This 34,308 square foot building was built in 1953 on a lot size of 1.44.

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.

Commercial Active

Price

^$ 4,499,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 42,763

Style

Industrial

Lot Size

1.44

Year Built

1953

Town/City

Salem

County/Region

Essex

MLS | Web ID

73202359

List By

Rosa DeCastro

Listing Agent

Lynnway Associates

Broker

Affordability Calculator

$33,465

Per Month

Monthly Principal & Interest: $29,902
Monthly Property Taxes: $3,564
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Salem, MA

Average List Price ^$2,474,725

Percent of Sale Price 45%

About Salem, MA

44,026 Population

9% Since 2002

^$64,141 Median Income

39.51 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
2/14/2024	$4,499,000		Listed Price

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63 Grove St, Salem, MA, 01970 is a Commercial Property for sale at $4,499,000 with 34,308 sqft and a lot size of 1.44. 63 Grove St is a studio with 3.0 baths and was built in 1953. The property's zip code is 01970 which is in Salem, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/2/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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63 Grove St

Commercial Property for sale in Salem, MA

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