90 Lafayette Rd Salisbury, MA 01952
- Industrial properties
- 7,396 SF
- 0.68 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 90 Lafayette Rd
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.68 lot acres
- Property size
- 7,396 SF
- Zone code
- LM
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- SALI M:22 P: 123
- APU
- SALIM22P123
Description
This exceptional Salisbury, MA commercial property, located at 90 Lafayette, presents a unique investment opportunity. The 0.68-acre lot houses a licensed automotive service and sales operation, complete with four 12-foot overhead doors, three lifts, and existing furniture, fixtures, and equipment (FFE) ready for a high-volume business. The property boasts approximately 3,500 square feet of unutilized space, offering significant value-added retail potential. A permitted sign at the main entrance on Route 1 northbound ensures high visibility for any business. Benefit from the high daily traffic count of 10,000+ vehicles. The property features separate utility meters for efficient cost management, and is serviced by town water and sewer, gas, and three-phase electric. Two tenants are currently in place, generating an 8.5% cap rate. This turnkey operation offers immediate income and significant upside potential for expansion and diversification. The property's strategic location and existing infrastructure make it an ideal investment for both established businesses and savvy entrepreneurs seeking a high-return opportunity in a thriving market. Don't miss this chance to acquire a well-established and versatile commercial property with substantial growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $490,000
- 6.5%
- $530,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $655,000
- Retail
- $620,000
- Mixed-Use
- $485,000
- Hospitality
- $650,000
- Educational
- $665,000
- Residential Income
- $665,000
- Energy
- $490,000
- Income-Based Land
- $580,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8679
- Latitude
- 42.8527
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA