DEVELOPERS TAKE NOTE! – A great housing development opportunity not to be missed, situated in Medford and close to Rte. 93. Property consists of 8,267 SF of a commercially zoned parcel located on Salem St. along major bus routes. This ideal location has the potential for 16+ units of housing once approvals have been secured through the City of Medford. Currently the property consists of a one story masonry 1,792 SF building with 2 commercially active TAW leases having a combined monthly income over $4,400.00. It is important to note that the Seller will work with developer(s) to allow for necessary permitting time-lines to be secured.

Property Details

Price:
$1,500,000
MLS #:
73261356
Status:
Active
Beds:
0
Baths:
0
Address:
360 Salem St
Type:
Commercial
City:
Medford
Listed Date:
Jul 8, 2024
State:
MA
Finished Sq Ft:
1,792
Total Sq Ft:
1,792
ZIP:
02155
Lot Size:
8,267 sqft / 0.19 acres (approx)
Year Built:
1908

Schools

Interior

Exterior

Parking Spots
11

Financial

Tax Year
2024
Taxes
$3,687

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
360 Salem St
Medford, MA