217 State St
Retail | 25,126 SqFt
Marketing description
The Historic Furlong Building is Now Available sale or a joint venture. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly overlooking the 26 acre Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. This location comes with 13,270 SF with a parking garage on the second floor. Don't miss the chance to establish yourself in this sought-after retail center.
217 State Street. Directly across from the Riverfront park on the corner of State and Front Street in Salem. One block west of Commercial.
Private upper level parking garage and street parking
Investment highlights
- 217 State $1,895,000
- 13,270 SF, Two Levels
- Up to $699,000 in Urban Renewal Grant Funds
- 20% Historic Tax Credit
- High Visibility Location
- Signaled Intersection
- CB Zoned Property
- Qualified Opportunity Zone (QOZ)
- Vacant for 5+ years, $0 improvement necessary for QOZ
- Overlooking 26 acre Riverfront Park
- Private Upper Level Parking Garage
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