63 Grove St
37,131 SF 100% Leased Flex Building Salem, MA 01970 $5,900,000 ($159/SF)
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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 | $159 |
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 | $1,349,300 |
Land Assessment | $455,800 | Total Assessment | $1,805,100 |
ZONING
Zoning Code | Business Park Development (Business Park Development) |