If you need assistance, please call 781-838-0068

Image Unavailable
$4,999,999
16 Franklin St, Salem, MA 01970
0 Beds
0 Baths
53,200 SqFt

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
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.
  • Price:
  • $4,999,999
  • Square Footage:
  • 53,200
  • Acreage:
  • 2.24
  • Year Built:
  • 2022
  • Listing ID #:
  • 72937433
  • Street Address:
  • 16 Franklin St
  • City:
  • Salem
  • State:
  • Massachusetts
  • Postal Code:
  • 01970
  • County:
  • Essex
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial/Industrial
  • Approximate Total Liveable Area:
  • 53200.00
  • Number Of Units:
  • 37
  • Stories:
  • 4
  • Type Of Roof:
  • Living
  • Year Built:
  • 2022
  • Year Built Source:
  • Bu
  • Conforms To Zoning:
  • Nrcc
  • Lot Size:
  • 97574.00
  • Price Per Square Foot:
  • 93.98
  • Property Taxes:
  • $99,999
  • Tax Year:
  • 9999
  • Parking Description:
  • Assigned, Garage
  • Parking Spaces:
  • 57
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Christopher Cowhig of Lokos Realty & Management

Similar Properties

Image Unavailable
$4,500,000
Virtual Tour
228 Friend St, Boston, MA 02114
3,136 SqFt
-- Beds | -- Baths
Listing Provided By Arthur Deych of Red Tree Real Estate
ACTIVE
Image Unavailable
$4,500,000
Virtual Tour
111 Salem Street, Woburn, MA 01801
6,100 SqFt
-- Beds | -- Baths
Listing Provided By Stephen Dixon of Cameron Real Estate Group
ACTIVE
Image Unavailable
$4,500,000
333 Reservoir Street, Needham, MA 02494
24,420 SqFt
-- Beds | -- Baths
Listing Provided By Jeremy Freid of 128 Cre
ACTIVE