Mixed-Use Property with Commercial
57 Elm St, Salisbury, MA 01952
For Sale
$849,900
Pending
Residential and commercial improvements combine on a level parcel within Salisbury’s Commercial District.
Property Size3,100 SF
Lot Size0.81 Acres
Days on Market53
Property Features for 57 Elm St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Road Access
Fenced Yard
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
finished lower level
central air conditioning
attached one-car garage
walkout basement
deck
above-ground pool
overhead garage doors
half bathroom
insulated interior
concrete floor
propane heat
private well water
municipal sewer
retention pond
Conex-style storage container
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Aluxety
Listed By:
The Commercial Group
(978) 884-5609
Source:
Classifiedrealtygroup
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 8 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aluxety
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a two-bedroom ranch residence with two detached commercial garage buildings. The home includes a kitchen, dining room, living room, office, two bedrooms, a full bathroom, and a three-quarter bathroom serving the primary bedroom. Two finished lower-level rooms, a walkout basement, deck, fenced yard, above-ground pool, central air conditioning, and an attached one-car garage add to the existing improvements. The FHA system was installed in 2021.
The larger garage measures approximately 1,140 square feet and has an overhead door, half bathroom, insulated interior, concrete floor, and propane-fired radiant heat. It is used for an automotive electronics business. A second 720-square-foot building provides another overhead door, concrete flooring, and propane heat. The property is located along Route 110 in Salisbury’s Commercial District and is served by private well water and municipal sewer.
Additional site features include a retention pond, available drainage plans, and a Conex-style storage container. The property is approximately 0.81 acre, with buyer due diligence required for proposed uses, permitting, alterations, utilities, development potential, and applicable town approvals.
The larger garage measures approximately 1,140 square feet and has an overhead door, half bathroom, insulated interior, concrete floor, and propane-fired radiant heat. It is used for an automotive electronics business. A second 720-square-foot building provides another overhead door, concrete flooring, and propane heat. The property is located along Route 110 in Salisbury’s Commercial District and is served by private well water and municipal sewer.
Additional site features include a retention pond, available drainage plans, and a Conex-style storage container. The property is approximately 0.81 acre, with buyer due diligence required for proposed uses, permitting, alterations, utilities, development potential, and applicable town approvals.
Key Highlights
- Two‑bedroom ranch residence with walkout basement, attached one‑car garage, deck, fenced backyard, and above‑ground pool
- Approximately 0.81 acre along Route 110 in Salisbury’s Commercial District
- Approximately 1,140‑square‑foot commercial garage with overhead door, half bathroom, insulation, and radiant heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,775
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,500
$1.3M
Cap Rate 7%
$896,786
$896.8K
Cap Rate 9%
$697,500
$697.5K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$111.6K $36.00/SF
− Vacancy
−$11.2K −$3.60/SF
EGI
$100.4K $32.40/SF
− OpEx
−$37.7K −$12.15/SF
NOI
$62.8K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,500
Cap Rate 7%
$896,786
Cap Rate 9%
$697,500
Alternative Uses
Best Use
Mixed Use
$896.8K
$784.7K – $1.05M
NOI $62,775 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$727.6K
$636.7K – $848.9K
NOI $50,934 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
Dunkin' Donuts
Dining
7,727 visits/mo
0.5 miles
Gulf Oil
Shops & Services
1,566 visits/mo
0.5 miles
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Essex County, MA
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial improvements combine on a level parcel within Salisbury’s Commercial District.
Where is this mixed-use property located?
The property is located at 57 Elm St Salisbury, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑bedroom ranch residence with walkout basement, attached one‑car garage, deck, fenced backyard, and above‑ground pool; Approximately 0.81 acre along Route 110 in Salisbury’s Commercial District; Approximately 1,140‑square‑foot commercial garage with overhead door, half bathroom, insulation, and radiant heat
