Listing

Real Estate--Salem, MA (Busy Route 107)

1.61 ACRES OF PRIME REAL ESTATE

Financial Information
Asking: $1,990,000
Current Property Expenses: 2009 Property taxes $15,658
Financing: None

Summary Description
So many uses for this prime piece of real estate in Salem, MA. Not many parcels this size left in town. Clean 21-E (May 2008). Join the many national brands on this busy road. Broadest possible zoning which allows pharmacy, bank, retail, automotive, supermarket, restaurants, professional/medical/dental/office building, etc. on corner lot.
Facilities: This prime property is comprised of 1.61acres with an operating 1,782 sq. ft. Garden Center built in 1920 & a fully rented 2,762 sq. ft. multi family residential house built in 1935 &  a landscaping yard in the back of the property for trucks, mulches, etc..
Location Description: Located on very busy main Route 107 (1 or 2 main roads thru town) in Salem, MA. Approximately 40,000 cars per day pass by this property. More than 250,000 people live within a 5 mile radius.

ADDITIONAL FYI: I HAVE JUST HEARD THAT LOWES IS BUILDING A SUPER STORE RIGHT DOWN THE STREET FROM THIS PROPERTY!!

 

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