63 Grove St, Salem, MA 01970

$4,499,000

0 beds 3 baths 34,308 sqft Built 1953Active

About this home

An excellent investment opportunity in Salem's most active redevelopment area. Over 62, 000 sq ft of development potential. Located two miles from central Salem and Peabody city line. Concrete block and steel construction. The first level is an industrial warehouse with heavy power. The second level is 5, 500 sq ft of renovated office space with separate HVAC. A drive-in door and five loading dock doors with one dock accommodating interior loading. Great upside in this emerging neighborhood! Buyer/buyer's agent to perform your own due diligence.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment

$30,445/mo

Real estate (PITI + HOA + PMI): $31,110
Utilities: $1,579
Transportation: $129
Other (entertainment): $157

Your monthly budget

Budget$30,945/mo

Remaining after TLC$500/mo

Purchase price

$4,499,000

Down payment

$224,950 (5%)

Loan amount

$4,274,050

APR

Quick facts

Type

COM

Style

—

Year built

1953

Lot size

1.44 ac

Stories

Heating

—

Cooling

—

Water

—

HOA

—

Annual tax

$42,763

MLS #

73202359

County

Essex

Neighborhood — 01970

Metric	This ZIP	County	USA
Population	39,210	6,444,931	299,088,112
Population Change Since1990	12.00%	7.00%	20.00%
Population Density	4,803	786	—
Male	18,294	3,127,134	147,432,321
Female	20,916	3,317,797	151,655,844
Never Married	11,766	1,612,885	63,775,926
Married	13,426	2,586,314	123,120,365
Separated	1,771	247,857	12,639,686
Widowed	2,455	363,594	15,467,586
Divorced	3,344	436,888	23,075,029
Number Of House Hold	17,112	2,431,591	111,826,380
Average House Hold Size	2.23	2.56	2.60
Medial Age	36.04	37.25	35.46
Median House Hold Income	$50,078	$57,698	$48,276
Average House Hold Income	$61,376	$75,023	$63,629
P C I	$28,089	$29,196	$24,529
M D I	$42,238	$48,105	$41,133
A T H E	$50,149	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	83.24%	81.38%	77.74%

(Zip) Code

1970

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

See walkability, transit, and bike scores for 63 Grove St, Salem, MA 01970 on walkscore.com →

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Listing information last refreshed 2/14/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.