Prime Commercial Real Estate--Salem, MA For Sale

Business description

This property is comprised of 3 parcels totaling 1.61acres. Parcel 1 is on .5 acres with an operating 1,782 sq. ft. Commercial Garden Center built in 1920. Parcels 2 & 3 consist of 1.11 acres with a fully rented 2,762 sq. ft. 2 family residential house built in 1935. The Garden Center brings in rent of $1,926 per month and the 2 family brings in $1,875 in rent per month ($900. & $975.).
Location Description: Located on 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.
Current and Prior Use: Currently there is an operating (for 14 years) greenhouse/nursery on the first parcel zoned B2. The multi unit home on .5 acres is zoned BPD and the .61 acre lot behind is zoned R1 (non-conforming) and is used as a landscaping yard with trucks/mulches, etc.
Year of Construction: 1920 & 1935
Building Square Feet: 4,544 both
2009 Property taxes are $15,658 for all 3 parcels.

Property information

Real Estate:

Real Property Included

Location:

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.

Other information

Expansion potential:

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 on the B2 lot which allows pharmacy, bank, retail, automotive, supermarket, restaurants, professional/medical/dental/office building, motel, etc. on corner lot.

Support & training:

none

Reasons for selling:

Retirement

Trading hours:

0

Contact the seller