380-384 Main St
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380-384 Main St
4.94 Acres of Commercial Land Offered at $3,000,000 in Salem, NH 03079
Investment Highlights
- Preconstruction/ Renovation Project for 55 Condos, 1 & 2 Bdrm Units, 55+ dev.
Executive Summary
Attention Developers! Adjusted Price. Now being sold "As Is". Preconstruction/Renovation Project, 55 Units, 55+, 3 Existing Buildings. Beautifully landscaped 4.94 acre property, designed specifically for individuals 55 and over. This development includes three distinct buildings: Proposed project for: Contact agent for Approvals and Disclosures.
Building (1) 32 condominiums, needs approval
Building (2) 8 condominiums with full clubhouse, needs approval
Building (3) 15 condominiums, approved
Total Units: 55 carefully thought out condos and a mix of 1 and 2 bedroom units with a few studios.
Building 1 is gutted awaiting approval and ready for construction. Building 2 awaiting approval has not been touched and Building 3 approved is rough framed inside.
Located on a tranquil corner. There is an approval for 24 units in Building 3.
Located just 3 miles from the Tuscan Village in Salem, NH.
This preconstruction development design had thoughtfully planned amenities that foster community.
A gate at the entrance to create a gated community
Balcony's on all buildings
A bluebird sanctuary - 15 boxes
Scenic walking paths around the perimeter of the property
A dog park, complete with RFID entry
EV Charging units
Pickleball courts
Covered parking for 16 cars, up to 242 parking spaces.
A gathering space complete with a kitchen, walk-out patio equipped with fire pits.
A 15-seat theater/tv room w/ stadium seating for movie nights
3 dedicated offices and a conference room for those needing professional spaces.
28 storage lockers of various sizes for residents' convenience.
Building (1) 32 condominiums, needs approval
Building (2) 8 condominiums with full clubhouse, needs approval
Building (3) 15 condominiums, approved
Total Units: 55 carefully thought out condos and a mix of 1 and 2 bedroom units with a few studios.
Building 1 is gutted awaiting approval and ready for construction. Building 2 awaiting approval has not been touched and Building 3 approved is rough framed inside.
Located on a tranquil corner. There is an approval for 24 units in Building 3.
Located just 3 miles from the Tuscan Village in Salem, NH.
This preconstruction development design had thoughtfully planned amenities that foster community.
A gate at the entrance to create a gated community
Balcony's on all buildings
A bluebird sanctuary - 15 boxes
Scenic walking paths around the perimeter of the property
A dog park, complete with RFID entry
EV Charging units
Pickleball courts
Covered parking for 16 cars, up to 242 parking spaces.
A gathering space complete with a kitchen, walk-out patio equipped with fire pits.
A 15-seat theater/tv room w/ stadium seating for movie nights
3 dedicated offices and a conference room for those needing professional spaces.
28 storage lockers of various sizes for residents' convenience.
Data Room Click Here to Access
- Market Information
Financial Summary (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$52,003
|
$10,526.92
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,003
|
$10,526.92
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $52,003 |
| Annual Per AC | $10,526.92 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $52,003 |
| Annual Per AC | $10,526.92 |
Property Facts Under Contract
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 4.94 AC |
| Property Type | Land |
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 4.94 AC |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 4.94 AC |
| Price Per AC | $607,287 |
| Price | $3,000,000 |
| Price Per AC | $607,287 |
| Lot Size | 4.94 AC |
Attention Developers! Adjusted Price. Now being sold "As Is" Preconstruction/Renovation Project, 55 Condos, 1 & 2 Bedroom Units, 55+, 4.94 acres, with 3 existing buildings.
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zoning
| Zoning Code | B2 (Commercial land 4.94 Acres with 3 existing buildings. Approvals Financials for 55+, 55 1 & 2 Bedroom Condo Units. Contact Agent for more information.) |
| B2 (Commercial land 4.94 Acres with 3 existing buildings. Approvals Financials for 55+, 55 1 & 2 Bedroom Condo Units. Contact Agent for more information.) |
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BHHS HomeServices - Verani Realty
380-384 Main St
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