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Property profile & analytics
OFF-MARKET Estimated value $895,000
Retail space

192 Elm St Salisbury, MA 01952-1836

4,436 SF 0.57 ac lot Built 1965
Individually Owned 30-yr Hold ~ Est. High Equity
Property ID
US38-0306525
Property summary
AI-generated overview

This exceptional 400-square-foot food service space in Salisbury, MA, presents a unique investment opportunity. Located at 192 Elm St, 01952, this single-tenant property boasts a prime location within a bustling commercial area, experiencing over 19,000 vehicles daily. Its proximity to the Interstate 95 off-ramp to MA Route 110, a major artery to popular beach and vacation destinations in Massachusetts and New Hampshire, ensures consistent high traffic volume. The property features a drive-thru, a significant advantage for quick-service restaurants. The building, constructed in 1965 and renovated in 1965, includes 10 parking spaces and is zoned C. The space is fully equipped with a complete set of food service appliances and fixtures, ready for immediate occupancy. Previously occupied by Subway, this location is ideal for established national or regional food service tenants. A percentage lease is available, with a $2,500 per month NNN base rent. The lease agreement includes a non-compete clause within the building. Prospective tenants are advised to conduct thorough due diligence. This property offers superb demographics and exceptional traffic counts, making it an attractive proposition for the right business.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction CONCRETE
Total area 4,436 SF
Lot 0.57 ac (24,999 SF)
Zoning code C
APN SALI M:10 P: 149
UPID US38-0306525
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.12M
Comparable Approach Comparable
$619k
Blend (final) Blend
$895k
Owner & transaction history
Taylor RT · 30 yrs held
Taylor RT
since 1995
5 recorded transactions
2003
Price N/A
2000
Price N/A
2000
Price N/A
1996
Price N/A
1995
$160,000
Zoning & alternative use
C · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +15.6%
Auto repair, garage $1.1M +7.7%
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