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    90 Lafayette Rd Salisbury, MA 01952

    For Sale
    $990,000

    High-Volume Auto Business w/Retail Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Salisbury, MA commercial property, located at 90 Lafayette, presents a unique investment opportunity. The 0.68-acre lot houses a licensed automotive service and sales operation, complete with four 12-foot overhead doors, three lifts, and existing furniture, fixtures, and equipment (FFE) ready for a high-volume business. The property boasts approximately 3,500 square feet of unutilized space, offering significant value-added retail potential. A permitted sign at the main entrance on Route 1 northbound ensures high visibility for any business. Benefit from the high daily traffic count of 10,000+ vehicles. The property features separate utility meters for efficient cost management, and is serviced by town water and sewer, gas, and three-phase electric. Two tenants are currently in place, generating an 8.5% cap rate. This turnkey operation offers immediate income and significant upside potential for expansion and diversification. The property's strategic location and existing infrastructure make it an ideal investment for both established businesses and savvy entrepreneurs seeking a high-return opportunity in a thriving market. Don't miss this chance to acquire a well-established and versatile commercial property with substantial growth potential.

    Property Features for 90 Lafayette Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.86776
    Latitude
    42.85271

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    FAQs

    What type of property is this?
    Commercial real estate - High-Volume Auto Business w/Retail Potential
    Where is this commercial real estate located?
    The property is located at 90 Lafayette Rd Salisbury, MA.
    What is the asking price?
    The asking price for this property is $990,000.
    (888) 854-7493
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    90 Lafayette Rd Salisbury, MA 01952
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