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16,18,20R Franklin St

Salem, MA 01970
  • $4,999,999
  • STATUS: Active
  • MLS #: 73013021
UPDATED: 38 min ago
$4,999,999
  • 0
    BEDS
  • 2.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 53,200
    SQFT
  • $94
    $/SQFT
Type:
Commercial
Built:
2022
County:

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 2022-11-30T12:05:06.183.
www.teamtringali.com/homes/130953816
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16,18,20R Franklin St Salem, MA 01970

  • Price: $4,999,999
  • Status: Active
  • On Site: Days
  • Updated: 38 min ago
  • MLS #: 73013021
0
Beds
0
Baths
0
½ Baths
2.24
Acres
53,200
SQFT
$94
$/SQFT
2022
Built
County:
Essex
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

Parking Total 57 Roof Green Roof

Interior Features

Building Area Total 53200

Property Features

Business Type 5+ Residential Buyer Agency Compensation 1 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 Tax Annual Amount 99999 Tax Year 9999 Transaction Broker Compensation 0 Utilities Public Water 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: 781-608-3057.


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 2022-11-30T12:05:06.183.
 
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Team Tringali | Keller Williams Metropolitan
50 Nashua Rd, Suite 111
Londonderry NH, 03053
Listing courtesy of Christopher Cowhig of Lokos Realty & Management.