192 Elm St Salisbury, MA 01952-1836
- Retail space
- 4,436 SF
- 0.57 lot acres
Current Use by Public Records
- Retail space
Property Details for 192 Elm St
- Year built
- 1965
- Construction
- CONCRETE
- Lot size
- 0.57 lot acres
- Property size
- 4,436 SF
- Zone code
- C
- Property type
- Retail space
- APN
- SALI M:10 P: 149
- APU
- SALIM10P149
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.895
- Latitude
- 42.8445
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
