16,18,20R Franklin St

Salem, MA, 01970

$4,999,999

$93 per ft²
$4,999,999
$93 per ft²
Active
Active
 - For Sale
carpenters-square
53,200 ft²
property_type
Commercial
calendar
Built 2022
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.
MLS® ID:
73013021
Listed:
7/14/22
Updated:
10/5/22

Exterior/Building Features

Lot Size
2.24 acres lot
Roof
Green Roof

Other Property Details

Taxes
$99999
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Essex
Utilities
Public Water
Pool
No
Zoning
NRCC

 

Courtesy of Christopher Cowhig, Lokos Realty & Management

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Data last updated 10:16 PM UTC, 10/5/22

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