Salem, MA16,18,20R Franklin Street
Price$6,400,000
MLS Number 72937433
- Commercial 5+ Residential
- Total Parking Spaces 57
- MLS Status Active
- Year Built 2022
- Acreage 2.24
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 offer a 37 Unit approved development on 2 plus acres minutes from downtown Salem. 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.
Listed by Christopher Cowhig of Lokos Realty & Management
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