133 Salem Street

Posted: 11/15/2021
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Under Contract
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Under Contract
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About

About 133 Salem Street

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 133 Salem Street, an excellent behavioral health and multifamily redevelopment opportunity in Revere, Massachusetts. The property consists of a 140-bed capacity 59,000 GSF 3-story former skilled nursing facility and a noncontiguous 0.65-acre (28,093 SF) development parcel. The existing building is well suited for residential redevelopment and is located in a thriving in-fill submarket, just minutes north of downtown Boston. The existing building also represents a rare turnkey occupancy opportunity for behavioral health and medical uses seeking a residential treatment facility. The adjacent 0.65 acre parcel, currently a surface parking lot, is an attractive ground-up multifamily development opportunity. The property presents a multitude of redevelopment options with a location that is compelling for residential, medical and other uses offering exceptional accessibility, convenience and proximity to highways, public transit and major employment, entertainment and population hubs.

Process & Pricing

133 Salem Street is offered for sale on an "as-is" basis and without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Please visit the C&W website to sign the confidentiality agreement and download the due diligence materials. Property tours are available upon request.

Offers are due by 5:00PM on Friday, December 17, 2021.

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