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16 Franklin StreetSalem, MA 01970Price: $4,999,999

  • Price: $4,999,999
  • 145 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
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  • $4,999,999List Price
  • 2.24Acreage
  • 53,200Square Feet
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Listed by Christopher Cowhig of Lokos Realty & Management
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.

Property Details of 16 Franklin Street

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