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    191 A Elm St, Unit 191A Salisbury, MA 01952

    For Sale
    $2,625,000

    Office building with professional tenants, upside potential, and ample parking.

    Lot size:
    0.23 Acres

    Property Features for 191 A Elm St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1988

    Source: eXp Realty Agent Jenna Noone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Professional Office Space Available

    This commercial property is an office building that is currently 60% leased with professional tenants. It features 20 dedicated parking spaces, with additional parking available. The property is surrounded by multiple businesses and a sports club/exercise venue. Its location provides convenient access to Routes 95 and 495, the New Hampshire state line, beaches, and historic Newburyport. This property presents a significant opportunity.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Salisbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8633
    Latitude
    42.8501

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    FAQs

    What type of property is this?
    Office space - Office building with professional tenants, upside potential, and ample parking.
    Where is this office space located?
    The property is located at 191 A Elm St, Unit 191A Salisbury, MA.
    What is the asking price?
    The asking price for this property is $2,625,000.
    What are key features of this property?
    This property features: - High Upside Potential: Currently 60% leased, offering significant opportunity to increase revenue.; - Dedicated Parking: 20 dedicated parking spaces with potential for additional parking.; - Strategic Location: Close proximity to Rte. 95 & 495, New Hampshire Line, Beaches, and Historic Newburyport.
    (978) 361-6368
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    191 A Elm St, Unit 191A Salisbury, MA 01952
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    Salisbury, MA 01952
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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
    191 A Elm St, Unit 191A Salisbury, MA 01952
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