REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,395,000
Est. payment | /mo
8,712 Sqft Lot
$ 1,395,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73500853
HOA Y/N false
Year Built 1900
Annual Tax Amount $10,493
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Prime development opportunity in Salem featuring concept plans for a 17-unit multifamily building. The proposed layout includes a mix of studio, one-bedroom, and two-bedroom units, designed for efficient use of space and strong rental performance.This property offers significant redevelopment potential, including possible use under Massachusetts Chapter 40R, allowing developers to benefit from smart growth zoning strategies and increased density in appropriate areas.Located in a high-demand rental market with close proximity to downtown Salem, transportation, and Boston access, this site presents a compelling opportunity for developers seeking strong long-term upside.
Location
State MA
County Essex
Zoning R3
Direction Google Maps
Exterior
Utilities Available Public Water
Others
Senior Community false
Listed by David Seetaram