191 Elm St Salisbury, MA 01952

This Class A, multi-tenant office building at 191 A Elm Street in Salisbury, Massachusetts, presents a compelling investment opportunity. The 13,700 square foot property boasts a 6.36% capitalization rate and currently enjoys 73% occupancy with nine professional tenants, generating a net operating income (NOI) of $171,800. The building features 20 dedicated parking spaces, supplemented by additional parking options, and benefits from a convenient location near major roadways (Routes 95 and 495), the New Hampshire border, beaches, and the historic city of Newburyport. The property is zoned C and offers a mix of creative, medical, and traditional office spaces, all under a gross lease structure with yearly rent bumps. The building's current occupancy is projected to reach full capacity by January 1, 2024. The 4,087 square feet of net rentable space provides significant upside potential for future growth. This stabilized investment is an excellent opportunity for investors seeking a strong return in a desirable location with high traffic and surrounded by numerous businesses and a fitness center. The property is currently listed at $2,700,000.