Development opportunity on .52 acre lot near downtown Salem on route 1A/114 near Salem State University. Approved plans for 10-unit condominium complex over two buildings (5 and 5). Rear building is gutted and ready to be built out. Front building would need to be constructed. All plans, approvals, etc available upon request.

Property Details

Price:
$1,700,000
MLS #:
73324811
Status:
Active
Beds:
0
Baths:
0
Address:
275 Lafayette Street
Type:
Land
Subtype:
Residential
City:
Salem
Listed Date:
Jan 9, 2025
State:
MA
ZIP:
01970
Lot Size:
22,651 sqft / 0.52 acres (approx)

Schools

Interior

Exterior

Community Features
Public Transportation, Shopping, Park, Bike Path, Public School, University

Financial

Tax Year
2024
Taxes
$23,690

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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
275 Lafayette Street
Salem, MA