64 Ward St
Salem, MA 01970

$1,395,000

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Listing Details

$1,395,000
MLS# 73500853
Type Commercial - Business
Status Active

0.200 acres
Lot Size
1900
Year Built

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Listed By

Agency Name: David Seetaram
Agency Phone: 617-504-3438
Agent Name: David Seetaram

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

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...read more

Features

$10,493 Taxes
Built in 1900

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