63 Grove St 37,131 SF 100% Leased Flex Building Salem, MA 01970 $5,900,000 ($158.90/SF)
EXECUTIVE SUMMARY
This 34,308 SF warehouse includes 5,500 SF of office space on the second level, featuring a conference room, 2 bathrooms, a small kitchen, and 5 private offices. 15,000 SF of warehouse space is currently leased, with the tenant remaining at will. The owner occupies the office and remaining warehouse space. Property includes 5 loading docks, 1 drive-in door, and 10 ft clear height. Ideal location for redevelopment with great potential!
PROPERTY FACTS
| Price | $5,900,000 |
| Price Per SF | $158.90 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 1.44 AC |
| Rentable Building Area | 37,131 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.23/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | SALE-000016-000000-000371 | Improvements Assessment | $1,434,600 |
| Land Assessment | $512,800 | Total Assessment | $1,947,400 |
ZONING
| Zoning Code | Business Park Development (Business Park Development) |
