191a Elm St Salisbury, MA 01952

Property Details for 191a Elm St

Year built

1988

Lot size

0.23 lot acres

Property type

Commercial real estate

Description

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.

Location Insight

City

Salisbury

County

Essex

State

Massachusetts

Longitude

-70.861

Latitude

42.841