16-18-20R Franklin St
Salem, MA 01970
North River Condominium Development · Land For Sale
·
2.24 AC
Investment Highlights
- Water Views
- Salem Metro Station within minutes of walking distance
Property Facts
| Property Type | Land | Proposed Use | Apartment Units - Condo |
| Property Subtype | Commercial | Total Lot Size | 2.24 AC |
| Zoning | NRCC | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 2.24 AC |
| Zoning | NRCC |
Description
Spectacular multi unit development opportunity on the North River and across from Metro Salem train station. Water views from all units!! The Residences at 16, 18, 20R Franklin St is a 37 Unit approved project on 2 plus acres in extremely desirable neighborhood minutes from downtown Salem in booming condo market. 33 Market rate condos and 4 low income restricted condos. Plans will reflect 4 buildings: Building A and B are comprised of 12 flats each units, Building C is comprised of 9 units and Building D is 4 townhouses. Plans included elevator, workout gym/fitness center and function room. Each unit will be provided a deeded garage parking spot and additional uncovered spots available within lot. Seller has applied for up to $2 million HDIP credit with 75% being conveyed to buyer. Contact Chris Cowhig 781-983-1934.
