16,18,20r Franklin St, Salem, MA

$4,999,999

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53,200

Square feet

2.24

Acres

About 16,18,20r Franklin St

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.

Features of 16,18,20r Franklin St

MLS® # 73013021
Price $4,999,999
Square Footage 53,200
Acres 2.24
Type Commercial / Industrial
Sub-Type 5+ Residential
Status Active

Community Information

Address 16,18,20r Franklin St
City Salem
County Essex
State MA
Zip Code 01970

Amenities

Parking Spaces 57
Parking Assigned, Garage

Listing Details

AgentChristopher Cowhig
OfficeLokos Realty & Management

Listing Map

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