360 Salem St Medford, MA
$1,500,000
Square Feet 1,792
Acres 0.19
Description
DEVELOPERS TAKE NOTE! - A great housing development opportunity not to be missed, situated in Medford and close to Rte. 93. Property consists of 8,267 SF of a commercially zoned parcel located on Salem St. along major bus routes. This ideal location has the potential for 16+ units of housing once approvals have been secured through the City of Medford. Currently the property consists of a one story masonry 1,792 SF building with 2 commercially active TAW leases having a combined monthly income over $4,400.00. It is important to note that the Seller will work with developer(s) to allow for necessary permitting time-lines to be secured.
Listed by Stephen Cefalo Real Estate, Stephen Cefalo
Details
MLS 73261356
Status Active
Price $1,500,000
DOM 158 days
Type Commercial
Square Feet 1,792 sqft
Lot Size 0.19 acres
Year Built 1908
Lot & Building Features
Tax Year 2024
Taxes Paid $3,687
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Financing
$
6.75%
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$
per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.