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Home Massachusetts Boston Commercial Properties

17 Salem St Salem, MA 01970
17 Salem St, Salem, MA
SOLD 5/20/2424Price Reduced $100,000
0
This Property is No Longer Available
17 Salem St, Salem, MA 01970
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$1,185,000
*Sale Price
Type: Commercial
Other (See Remarks)
6480 Bldg. SQFT
7 Restroom
Parking: N/A

Property Description

Projected Income $10,300 mo/ $123,600 annually. Well renovated, mixed use building in Thriving Salem, MA. Extensively renovated in 2021, Fire sprinkler system. 15 min walk to T Stop/Downtown. 5 mins to Pickering Wharf. Upgraded sep. elec, new heat & a/c. 2 res. units (have not been rented). Both well-updated res w sep elec. 1 res unit: 6 rooms/ 4 bedrooms w new central a/c, new heat, laundry rm, 2 bthrms (1 in main bdrm). Projected rent: $3k per month. Other unit: 5 rooms/ 3 bdrms w new central a/c, new heat, laundry room, 2 bthrms (1 in main bdrm). Projected rent: $2800+ per month. Each of the 3 commercial spaces, have new bthrms & a/c. Tenanted by 2 Churches (TAW's) who have been tens for a while & would like to stay. 1 church rents 2 units (17 Salem), $3k a mo. + utils. Other Church rents 1 unit $1500 + utils. 17 Salem has 4 finished/unhtd rms in the bsmnt. Add heat for an additional 828 sq ft. Please include in offer:Buyer will cooperate if Seller elects to sell as a 1031 exchange
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Property Details tap to expand

Property Information

  • Type: Commercial
  • Location: Other (See Remarks)
  • MLS ID#: 73176617

Financial

  • Gross Annual Income: 123600
  • Lease Type: Other (See Remarks)

Building Information

  • Total SQFT: 6480
  • Total Restrooms: 7

Construction & Utilities

  • Utilities: 220 Volts, Natural Gas, Public Sewer, Public Water, Three Phase

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/20/2024Sold$1,185,000$183MLSPIN
03/02/2024Under Agreement$1,199,000$185MLSPIN
02/17/2024Contingent$1,199,000$185MLSPIN
01/18/2024Active$1,199,000$185MLSPIN
01/14/2024Price Change$1,199,000$185MLSPIN
11/06/2023Active$1,299,000$200MLSPIN
11/02/2023New$1,299,000$200MLSPIN

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Seller's Representative: Gary Blattberg, RE/MAX 360
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-05-20 09:57:00

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