192 Elm StSalisbury, MA 01952

Property Details for 192 Elm St

Year built

1965

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

4,436 SF

Zone code

C

Property type

Retail space

APN

SALI M:10 P: 149

APU

SALIM10P149

Description

This exceptional 400-square-foot food service space in Salisbury, MA, presents a unique investment opportunity. Located at 192 Elm St, 01952, this single-tenant property boasts a prime location within a bustling commercial area, experiencing over 19,000 vehicles daily. Its proximity to the Interstate 95 off-ramp to MA Route 110, a major artery to popular beach and vacation destinations in Massachusetts and New Hampshire, ensures consistent high traffic volume. The property features a drive-thru, a significant advantage for quick-service restaurants. The building, constructed in 1965 and renovated in 1965, includes 10 parking spaces and is zoned C. The space is fully equipped with a complete set of food service appliances and fixtures, ready for immediate occupancy. Previously occupied by Subway, this location is ideal for established national or regional food service tenants. A percentage lease is available, with a $2,500 per month NNN base rent. The lease agreement includes a non-compete clause within the building. Prospective tenants are advised to conduct thorough due diligence. This property offers superb demographics and exceptional traffic counts, making it an attractive proposition for the right business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,078,103

  6.5%

  $995,172

  7%

  $924,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,460,612

  Geo Method

  $1,460,612

• Alternative Use

  Use

  Valuation

  Residential

  $839,465

  Hospitality

  $768,945

  Educational

  $639,753

  Medical

  $661,755

  Retail

  $995,172

Location Insight

City

Salisbury

County

Essex

State

Massachusetts

Latitude

42.8445

Longitude

-70.895

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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