34 Bridge Rd Salisbury, MA 01952
- Turn key restaurants
- 3,678 SF
- 2.17 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 34 Bridge Rd
- Year built
- 1953
- Construction
- FRAME
- Lot size
- 2.17 lot acres
- Property size
- 3,678 SF
- Zone code
- C
- Property type
- Turn key restaurants
- APN
- SALI M: 2 P: 8
- APU
- SALIM2P8
Description
This exceptional restaurant and bar property, located at 34 Bridge Road in Salisbury, MA, is offered for sale at $800,000. The 3,678 square foot, single-story building sits on a 2.17-acre lot and boasts approximately 60 surface parking spaces. Built in 1953, the property is zoned CI, Salisbury and features a full-service restaurant with roughly 144 seats and a lounge/bar area with approximately 130 seats. A significant advantage is the inclusion of a full liquor license, along with Massachusetts state lottery and Keno permits. The current lease is a NNN lease with a 5-year term, renewing in January, at a monthly rent of $5,000. The building is a free-standing wood-frame structure on a flat lot, conveniently located off Route 1, a major commuter and business route leading to southern New Hampshire. The property benefits from its proximity to Salisbury Beach and downtown Newburyport, and easy access to Interstates 495 and 95. This presents a unique opportunity to acquire a well-established business in a high-traffic retail area with ample parking. The building height is 23 feet. This turnkey operation is ready for a new owner to continue its success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $760,000
- 6.5%
- $695,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $690,000
- Mixed-Use
- $745,000
- Hospitality
- $780,000
- Educational
- $775,000
- Residential Income
- $795,000
- Energy
- $780,000
- Income-Based Land
- $810,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8621
- Latitude
- 42.8372
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA