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16,18,20R Franklin St

Salem, MA 01970
  • $4,999,999
  • STATUS: Active
  • MLS #: 72937433
Price Reduced
UPDATED: 23 min ago
$4,999,999
  • 0
    BEDS
  • 2.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 53,200
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2022
County:
Area:

School Ratings & Info

Listing courtesy of Christopher Cowhig of Lokos Realty & Management.

Description

Spectacular multi unit development opportunity on the North River and across from Metro Salem train station. Water views from all units!! The Residences at 16, 18, 20R Franklin St offer a 37 Unit approved development on 2 plus acres minutes from downtown Salem. 33 Market rate condos and 4 low income restricted condos. Plans will reflect 4 buildings: Building A and B are comprised of 12 flats each units, Building C is comprised of 9 units and Building D is 4 townhouses. Plans included elevator, workout gym/fitness center and function room. Each unit will be provided a deeded garage parking spot and additional uncovered spots available within lot. Seller has applied for up to $2 million HDIP credit with 75% being conveyed to buyer.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-26T09:09:22.213.
www.remax-patriotrealty.com/homes/125113822
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16,18,20R Franklin St Salem, MA 01970

  • Price: $4,999,999
  • Status: Active
  • On Site: Days
  • Updated: 23 min ago
  • MLS #: 72937433
0
Beds
0
Baths
0
½ Baths
2.24
Acres
53,200
SQFT
$94
$/SQFT
2022
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Spectacular multi unit development opportunity on the North River and across from Metro Salem train station. Water views from all units!! The Residences at 16, 18, 20R Franklin St offer a 37 Unit approved development on 2 plus acres minutes from downtown Salem. 33 Market rate condos and 4 low income restricted condos. Plans will reflect 4 buildings: Building A and B are comprised of 12 flats each units, Building C is comprised of 9 units and Building D is 4 townhouses. Plans included elevator, workout gym/fitness center and function room. Each unit will be provided a deeded garage parking spot and additional uncovered spots available within lot. Seller has applied for up to $2 million HDIP credit with 75% being conveyed to buyer.
Exterior Features

Location DowntownParkHighway AccessPublic Transportation Parking Features AssignedGarage Parking Spaces 57 Roof Material Living Stories 4

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 53200.00 Total Building Sq Ft 53200.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 99999.00 Assessed Value Land 99999.00 Assessed Value Total 99999.00 Commercial Industrial Type 5+ Residential Disclosure No Disclosures Seller Will Deliver Approved Permits For 37 Unit Residential Project. Building is Not Currently Built And Buyer Will Be Purchasing Vacant Land With Permits. 4 Units Will Be Low income Restricted Exchange No Lease No Lender Owned Undisclosed Mau Units 0 Ofu Units 0 On File21 E Yes Plat Plan Yes Reu Units 0 Rsu Units 37 Short Sale Lender App Required Unknown Space Available For Sale Sublet No Survey Yes Tax Year 9999 Taxes 99999.00 Total Units 37 Utilities Public Water Wau Units 0 Year Built Source Bu Zone Description Legal Non-Conforming Zoning Nrcc

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Christopher Cowhig of Lokos Realty & Management.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-26T09:09:22.213.
 
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Re/Max Patriot Realty
55 Mead Street
Leominster MA, 01453
Listing courtesy of Christopher Cowhig of Lokos Realty & Management.