192 Elm St Salisbury, MA 01952-1836
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Salisbury, MASalisbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.