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Salem, MA 01970-5013

Under Agreement List Price $1,199,000 MLS # 73176617 - Commercial/Industrial

Type	Commercial Sale	# Units	1	Lot Size	3,428SF
Sq. Ft.	6,480	Water Front	No

Projected Income $10,300 mo/ $123,600 annually. Well renovated, mixed use building in Thriving
Salem, MA. Extensively renovated in 2021, Fire sprinkler system. 15 min walk to T Stop/Downtown. 5
mins to Pickering Wharf. Upgraded sep. elec, new heat & a/c. 2 res. units (have not been rented).
Both well-updated res w sep elec. 1 res unit: 6 rooms/ 4 bedrooms w new central a/c, new heat,
laundry rm, 2 bthrms (1 in main bdrm). Projected rent: $3k per month. Other unit: 5 rooms/ 3 bdrms w
new central a/c, new heat, laundry room, 2 bthrms (1 in main bdrm). Projected rent: $2800+ per
month. Each of the 3 commercial spaces, have new bthrms & a/c. Tenanted by 2 Churches (TAW's) who
have been tens for a while & would like to stay. 1 church rents 2 units (17 Salem), $3k a mo. +
utils. Other Church rents 1 unit $1500 + utils. 17 Salem has 4 finished/unhtd rms in the bsmnt. Add
heat for an additional 828 sq ft. Please include in offer:Buyer will cooperate if Seller elects to
sell as a 1031 exchange

Listing Office: RE/MAX 360, Listing Agent: Gary Blattberg
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