Listing Agency: eXp Commercial

Listed By: Christopher Brown · License #MA 9552112

Source: Crexi

Added: Oct 10, 2024 Changed: Aug 8 Last Checked: Jul 16 at 7:05AM

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Investment Insights

Based on property information with market context.

Four lots are available for redevelopment. Three commercial lots are located in Salem, MA, and one residential lot is located in Lynn, MA. The lots are continuous on Highland Ave and have multiple access points.

Key Highlights

• Redevelopment opportunity across four lots.
• Three commercial lots in Salem, MA.
• One residential lot in Lynn, MA.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

952

Businesses Nearby

Explore this area Business Placement

Demographics for 01970, MA

44,451

Population

20,920

Households

2.1

Avg Household Size

39

Median Age

50%

College-Educated

92%

High-School Grad

8.2 sq mi

ZIP Area

5,421

Density / Sq Mi

$85,189

Median Household Income

$52,024

Median Earnings

$1,800

Median Rent

$497,500

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - Four lots available for redevelopment, commercial and residential.

Where is this commercial land located?

The property is located at 483-485 Highland Ave Salem, MA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Redevelopment opportunity across four lots.; Three commercial lots in Salem, MA.; One residential lot in Lynn, MA.