Commercial Land Salem, MA (Busy route 107)

1.61 acres Salem, MA Busy Route 107


Asking: $1,295,000 New Price!!
Current Property Expenses: 2009 Property taxes were $15,658 for all 3 parcels.
Financing: None

Summary Description
This property is comprised of 1.61acres of commercially zoned land. So many uses for this prime piece of real estate in Salem, MA on busy route 107. Clean 21-E (May 2008). Property has 206 ft of frontage on Highland Ave & is 400' +/- deep along Cedar Road. Join the many national brands on this busy road. Broadest possible zoning on the B2 lots which allows pharmacy, bank, retail, automotive, supermarket, restaurants, professional, medical, dental, office bldg, motel, etc. on corner lot.

Location Description: Located on busy Route 107 (1 of 2 main roads in Salem, MA.) Approximately 40,000 cars per day pass by this property. More than 250,000 people live within a 5 mile radius. Busy main road thru the town of Salem. Lowes was just given the green light 12.10.090 to build right down the street. This will bring even more customer traffic to this area.

Current and Prior Use: This property is comprised of 1.61 acres of land. Currently there is an operating (for 15 years) Commercial Garden Center (not included in sale--seller will liquidate) built in 1920 at the street front of the property. In addition, a fully rented 2,762 sq. ft. 2 family residential house built in 1935 behind it with a landscaping yard at the rear of the property.

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