133 Salem Development LLC Acquires Mixed Use Property In Revere, MA For $4.5M

The mixed-use property located at 133 Salem St in Revere, MA has been sold for a total of $4,500,000. The transaction took place on 03/15/2022. The property spans a total area of 57,305 square feet, resulting in a price per square foot of $79.

Summary of transation details

• Property Type: Mixed Use
• Transaction Amount: $4,500,000
• Date: 03/15/2022
• Address: 133 Salem St, Revere, MA
• Market: Revere, MA

The buyer of the property is 133 Salem Development LLC, represented by John Ward and Mike Vienneau. On the other hand, the seller is 133 Salem Street Holdings, LLC. The broker involved in the deal is Bruce Lusa from Cushman & Wakefield.

Broadway Capital CDPM Inc. plans to adaptively reuse the site for a 72-unit mixed-use development. The project will feature 71 residential condominium units and 1 office space. The building will include amenities such as a state-of-the-art media room, fitness center, and golf simulator. The estimated completion date for the construction is December 1, 2023.