The Fava Group
"The Fava Group" Maine to New Hampshire Realtors®
REALTORS®, LUXBHGRE - Luxury Homes
MLS#73500853
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Lot Size: 0.20 Acres
Taxes: $10,493
Year Built: 1900
Feature Descriptions
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 5
Parcel Number: M:34 L:0347,2135818
Rental Term: Monthly
Utilities: Public Water
Listed By / Shown By
Listed By
Agency Name: David Seetaram
Agency Phone: 617-504-3438
Agent Name: David Seetaram
Shown By
Agent Name: The Fava Group
Agent Phone: (603) 289-4736
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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64 Ward St | MLS# 73500853
This commercial property located at 64 Ward St, Salem, MA 01970 is currently listed for sale with an asking price of $1,395,000. Search Salem real estate on thefavagroup.masiellogrouprealestate.com today.