63 Grove St

37,131 SF 100% Leased Flex Building Salem, MA 01970 $5,900,000 ($159/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 $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

ZONING

Zoning Code Business Park Development (Business Park Development)
  • Listing ID: 34580554

  • Date on Market: 1/23/2025

  • Last Updated:

  • Address: 63 Grove St, Salem, MA 01970