Description
Lease primarily open 5,500 sq. ft, first floor space, featuring high ceilings and significant natural light. Superb visibilty and exposure at the intersection of Grove St., Harmony Grove Rd., and Mason St. Prior to the most recent light assembly user, the location was operated as a social club/function hall. The layout is conducive for various commercial uses. The property is accessible from Rts. 128, 114, 107, and 1A. It features a private commercial sink, shared restrooms with the adjacent tenant, and pro-rata/in-common on-site parking. Deal structure is triple net (proportionate share of RET, CAM, and Bldg. Ins. (currently runniung approximately $4.00 per sq. ft.), plus utilities. Walking distance is roughly 15-20 minutes to the Commuter Rail Station and T Bus line.
Details
| MLS # | 73552571 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 66 |
| Listing Provided By | The Drumlin Group Inc. | Mark Shapiro |
Features
| SQ Feet | 5,500 |
|---|---|
| Zoning | BPD |
| Acreage | 1.78 |
Taxes
| Tax Annual Amount | 37749 |
|---|---|
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $14 low | high Med: $499,000 sqft: 5,500 low | high Med: 1,007 $ / sqft: $0 low | high Med: $496 On site: 66 low | high Med: 31 | |
Market Activity 01970
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $14 low | high Med: $499,000 sqft: 5,500 low | high Med: 1,007 $ / sqft: $0 low | high Med: $496 On site: 66 low | high Med: 31 | |
 | $1,598,00018 Balcomb StreetSalem, MA 01970 |
 | $1,875,000393 Essex StSalem, MA 01970 |