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Active

50 Grove St

Salem, MA, 01970

Commercial · MLS #73552571

Days on market

8 days

Lot size

1.78 ac

1.78 acres

Lot

About this home

Lease primarily open 5,500 sq. ft, first floor space, featuring high ceilings and significant natural light. Superb visibilty and exposure at the intersection of Grove St., Harmony Grove Rd., and Mason St. Prior to the most recent light assembly user, the location was operated as a social club/function hall. The layout is conducive for various commercial uses. The property is accessible from Rts. 128, 114, 107, and 1A. It features a private commercial sink, shared restrooms with the adjacent tenant, and pro-rata/in-common on-site parking. Deal structure is triple net (proportionate share of RET, CAM, and Bldg. Ins. (currently runniung approximately $4.00 per sq. ft.), plus utilities. Walking distance is roughly 15-20 minutes to the Commuter Rail Station and T Bus line.

Location

50 Grove St, Salem, MA, 01970

Property details

Parking
21+ Spaces, Shared

Listed by Mark Shapiro · The Drumlin Group Inc.

Schedule a showing

50 Grove St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$0 / month

Down payment20% · $3
Interest rate6.66%

Loan term

Principal & interest
$0
Property tax
$0
Home insurance
$0

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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