$1,100,000
$999,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
5,866 SqFt
SOLD DATE : 09/13/2024
Key Details
Sold Price $1,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,866 sqft
Price per Sqft $187
MLS Listing ID 73267058
Sold Date 09/13/24
HOA Y/N false
Year Built 1890
Annual Tax Amount $9,802
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Here's your chance to invest in a prime piece of real estate poised to generate substantial income and build wealth over time. This highly visible commercial building is situated on a coveted corner lot, just half a mile from the communal rail, offering both convenience and high foot traffic. This mixed-use building features two four-bedroom residential units and two retail spaces, with a projected monthly gross income of $14,040 and a net of $90,322 annually. Located minutes from historical sites, top restaurants, shops, and Salem Harbor, this property is in the heart of a thriving community. Enjoy high foot traffic and excellent exposure, making it ideal for both residential and commercial tenants. Invest in this gem and secure a steady income stream in a vibrant, growing market.
Location
State MA
County Essex
Zoning B1
Direction Use GPS
Exterior
Utilities Available Public Water, Public Sewer
Waterfront false
Roof Type Rubber
Total Parking Spaces 6
Others
Senior Community false
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Bought with Kevin Johnson • Realty20
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "