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    2 Collins St Salisbury, MA 01952

    For Sale
    $1,550,000

    Land at signaled intersection, potential for various applications.

    Lot size:
    3.08 Acres

    Property Features for 2 Collins St

    General Information

    Lot size
    3.08 Acres

    Source: eXp Realty Agent Frank Bertolino

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

    Overview

    Developable Land at Route 1

    This is developable land located at the intersection of Route 1 and 286. The property is situated at a four-way signaled intersection with traffic counts of 12,455. Several possibilities exist for allowable uses. The land is partially cleared, featuring a level lot at the frontage areas with sloping areas towards the rear of the property. It is located 3.7 miles from the beach and offers convenient access to Interstate 95 and 495. Potential applications include multi-family, hotel, and retail.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8687347
    Latitude
    42.8689684

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    FAQs

    What type of property is this?
    Land - Land at signaled intersection, potential for various applications.
    Where is this land located?
    The property is located at 2 Collins St Salisbury, MA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Located at a four-way signaled intersection with high traffic counts (12,455); - Potential for multi-family, hotel, and/or retail applications; - Convenient access to Interstate 95 and 495
    (978) 270-0365
    Request Owner's contact information
    2 Collins St 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
    2 Collins St Salisbury, MA 01952
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