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191a Elm St Salisbury, MA 01952

For Sale
$2,700,000

High-growth potential, prime location, strong tenant base.

Description

Added:
Feb 3, 2025
Days on Market:
316
This exceptional commercial property, located at 191a Elm Street in Salisbury, MA, presents a compelling investment opportunity. Priced at $2,700,000, the property sits on a 0.23-acre lot and offers significant upside potential due to its current 60% occupancy rate. All existing tenants are professional businesses, ensuring a stable income stream and a strong foundation for future growth. The property includes 20 dedicated parking spaces with additional parking readily available, a significant advantage in this busy area. Its strategic location offers excellent accessibility, being close to major roadways such as Route 95 and Route 495, providing easy access to a wider market. The property also benefits from its proximity to the New Hampshire state line, beautiful beaches, and the historic charm of Newburyport, enhancing its appeal to both businesses and employees. The surrounding area boasts a vibrant mix of businesses and amenities, including a nearby sports club and exercise venue, further contributing to the property's desirability and potential for increased occupancy. This is a rare chance to acquire a well-situated commercial property with substantial growth potential in a thriving location. The current tenant mix provides a solid base for immediate income, while the ample parking and convenient location offer significant advantages for attracting new tenants and maximizing rental income. This property is ideal for investors seeking a strong return on investment in a desirable and accessible location.

Property Features for 191a Elm St

General Information

Property type
Other commercial real estate
Lot Size
10,019 SF

Building Details

Year Built
1988

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
-70.86096
Latitude
42.84096

FAQs

What type of property is this?
Commercial real estate - High-growth potential, prime location, strong tenant base.
Where is this commercial real estate located?
The property is located at 191a Elm St Salisbury, MA.
What is the asking price?
The asking price for this property is $2,700,000.
More about this property
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