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.

Property Details

Price:
$4,499,000
MLS #:
73202359
Status:
Active
Beds:
0
Baths:
3
Address:
63 Grove St
Type:
Commercial
City:
Salem
Listed Date:
Feb 14, 2024
State:
MA
Finished Sq Ft:
34,308
ZIP:
01970
Lot Size:
62,726 sqft / 1.44 acres (approx)
Year Built:
1953

Schools

Interior

Exterior

Parking Spots
30

Financial

Buyer Agent Compensation
2%
Tax Year
2024
Taxes
$42,763

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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.,…

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63 Grove St
Salem, MA