116 Highland Avenue,  Salem MA, 01970 (Commercial)

4,045 sqft
Status: Active
MLS#: 72212478
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Last Updated: 8/18/2017 2:44 PM
Description for 116 Highland Avenue Salem, MA 01970
Great Investment Opportunity being sold under Assessed Value. Zoned R1 with a special permit for office Use; 116 Highland is a .372 Acre parcel & currently has a office/medical building, two stories with 4,675 total gross sf (4,045 usable) broken down reflects 1,945 usable first floor space and 2,100 usable second floor space. The building was previously used by an owner/occupant medical user but the site also lends itself as a valuable Retail Pad Site with direct frontage on Highland avenue within a superior retail trade node. Site is zoned R1 and could make an outstanding residential investment opportunity as well. Seller & Sellers broker make no representation to the building use, buyer must complete its own due diligence and zoning review. Could potentially be any number of income producing options in the busy hospital/retail trade area of Highland Avenue.
Price
$549,000
Essex
4,045 (approx)
72212478
Active
Description
Great Investment Opportunity being sold under Assessed Value. Zoned R1 with a special permit for office Use; 116 Highland is a .372 Acre parcel & currently has a office/medical building, two stories with 4,675 total gross sf (4,045 usable) broken down reflects 1,945 usable first floor space and 2,100 usable second floor space. The building was previously used by an owner/occupant medical user but the site also lends itself as a valuable Retail Pad Site with direct frontage on Highland avenue within a superior retail trade node. Site is zoned R1 and could make an outstanding residential investment opportunity as well. Seller & Sellers broker make no representation to the building use, buyer must complete its own due diligence and zoning review. Could potentially be any number of income producing options in the busy hospital/retail trade area of Highland Avenue.
Listing Information
Property Type: General Commercial, 2 Story
0.33 Acres 4,045 (approx) 2
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
33 On Site
None
Listing Price History

Salem Real Estate

Salem is located in Massachusetts. Salem, Massachusetts 01970 has a population of 42,869.

The median household income in Salem, Massachusetts 01970 is $59,044. The median household income for the surrounding county is $68,776 compared to the national median of $53,482. The median age of people living in Salem 01970 is 37.1 years.

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Courtesy: Nordlund Associates
Information is deemed reliable but is not guaranteed.

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