203 Lafayette Rd
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203 Lafayette Rd
7,974 SF 6% Leased Retail Building Salisbury, MA 01952 $750,000 ($94/SF)
Investment Highlights
- (4) Gas and (4)Electric Meters
- (2) 10' x 10' Garage Doors
- 8490 VPD Traffic Count
- .78 Acres with Paved Parking
- (2)Pylon Sign Posts on Rt 1
- Sewer Tie-In at Street
Executive Summary
This 7974 SF mixed-use property sites on .78 acres of land with strong visibility on Lafayette Rd (Route 1). There is paved parking as well as land for parking lot expansion. The building is set up for mixed-use, with a combination of retail, office, and residential spaces. This property presents a solid opportunity for an owner-occupant or investor, such as a landscaper or contractor, who can add value to their acquisition of the property while benefitting from rental income and exterior parking. The site offers two pylon sign posts, and town sewer is available at the street.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,974 SF
Building Class
C
Year Built
1935
Price
$750,000
Price Per SF
$94
Percent Leased
6%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Land Acres
0.78 AC
Zoning
5
Parking
15 Spaces (2.91 Spaces per 1,000 SF Leased)
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203 Lafayette Rd
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