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150 Salem Turnpike (Rt 107) Saugus, MA 01906
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Key Details
Sold Price $3,375,000
Property Type Vacant Land
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72556665
Sold Date 03/17/20
Annual Tax Amount $4,566
Tax Year 2019
Lot Size 3.120 Acres
Acres 3.12
Property Sub-Type Commercial
Property Description
150 Salem Turnpike (next to 20 Salem Turnpike) is a 3 acre commercial property that is zoned industrial, which allows for all types of uses: commercial, retail, fast food, residential, etc... The property runs along the Saugus River & has been cleared & graded and is centrally located in the middle of Saugus, Lynn and Revere. The main road hosts over 25,000 cars per day and is intersected at the property by Ballard St, which hosts over 11,000 cars per day. The location offers easy access to Logan Airport and all of the main expressways. It has direct access to 5 different bus lines that connect directly to Wonderland Station and MBTA's Blue Line & close to major retail shopping, as well as, the expansive Rumney Marsh which provides hiking trails & opportunities to interact w/ nature. Revere Beach is 4 miles south east & Nahant Beach is 4 miles to the east. The City is eager to see the property developed and would like to see a higher density project, making maximum use of the site.
Location
State MA
County Essex
Zoning Industrial
Direction East side of Salem Turnpike at the intersection of Ballard St.
Exterior
Community Features Public Transportation, Conservation Area, Highway Access, Sidewalks
Waterfront Description Waterfront, River
Building
Lot Description Level, Additional Land Available, Marsh
Sewer Public Sewer, At Street
Water Public
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Bought with The Lopes Group • J. Barrett & Company