63 Grv St Salem, MA 01970-2248
Property profile & analytics
63 Grv St, Salem, MA 01970-2248
- Warehouses
- 34,308 SF
- 1.44 lot acres
Property ID
US38-1267095
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cataldo Ambulance / Ambulance Service
Property Details for 63 Grv St
- Year built
- 1953
- Construction
- STEEL FRAME
- Lot size
- 1.44 lot acres
- Zone code
- BP
- Property type
- Warehouses
- APN
- SALE M:16 L:0371
- APU
- SALEM16L0371
Description
This exceptional 1.44-acre property at 63 Grove Street in Salem, MA, presents a compelling investment opportunity within a rapidly evolving redevelopment zone. Priced at $5,900,000, this substantial property boasts over 62,000 square feet of potential development space, offering significant upside for the discerning investor. The existing structure features a robust concrete block and steel construction, ensuring durability and longevity. The ground floor comprises an industrial warehouse equipped with heavy power, ideal for a variety of uses. Above, 5,500 square feet of renovated office space provides immediate functionality, complete with its own dedicated HVAC system. Convenient access is provided by a drive-in door and five loading dock doors, with one dock designed for efficient interior loading. The property's strategic location, just two miles from Salem's city center and the Peabody city line, places it within easy reach of major transportation routes and a growing population base. This is a rare chance to capitalize on the burgeoning potential of this emerging neighborhood. Prospective buyers are responsible for conducting their own due diligence.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,575,000
- ML approach
- $2,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,118,000
Market price range: $2.15M - $7.36M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.909
- Latitude
- 42.5211
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$42,763
$455,800
$1,349,300
$1,805,100
-
$0.00
$0.00
$0.00
