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266 Canal Street Salem MA 01970266 Canal Street Salem MA 01970266 Canal Street Salem MA 01970
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  • 30,928Square Feet
This is an assemblage of three parcels of land on Canal Street, opposite Salem State University, in Salem, Ma. Two of the parcels have buildings with tenants who are "tenants-at will". There is considerable extra acreage here but we have included just 3.6 acres as being developable. The lots include 266, 288 and 282R Canal Street as shown on the assessors' plans. The combined site is ideal for a mixed use multi tenant retail and apartment development on the rail trail and near the proposed new South Salem MBTA rail stop. In addition to being for sale, the properties are for lease as a package. This will be an un-subordinated ground lease up to 99 years. Property owners will negotiate a "due diligence" period and "permitting period" with the potential developer. The asking ground rent is $275,000/year.
Listed by David Hark of The Drumlin Group Inc.

Listing Sold by RyVal Homes

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More Info

Basic Information

  • Contingency Inspection
  • Mls StatusSold
  • Parcel Number M:32 L:0038,2134114

Building

  • Building Area Units Square Feet
  • Year Built1930

Property

  • Acreage12.75

Tax Information

  • Tax Year 2019
  • Taxes$47,702

Location

  • Address266 Canal Street
  • Building Number266
  • CountyEssex
  • StateMA
  • StreetCanal Street
  • TownSalem
  • Zip01970

Other

  • Date Listed04/04/2019
  • Farm Land Area Units Square Feet

Basic Information

  • GO-List Price$4,950,000
  • MLS Number72476553
  • Modification Date10/18/2023
  • Purchase Contract Date09/09/2019
  • Sale Date10/10/2023
  • Sale Price$4,168,700

Property Information

  • Living Area 30,928
  • Lot Size Square Feet 555,390
  • Lot Size Units Acres
  • Square Feet30,928

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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