Development Opportunity on US Route 1

Vacant Land for Sale
Catylist Listing ID: 30001376
Property Subtypes: Industrial, Retail, Other
Gross Land Area: 3.11 Acres
Sale Price: $575,000
Unit Price: $184,887 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2017

Overview / Comments

Highly visible development opportunity on Route 1 in Salisbury, MA. These two parcels totaling 3.11 acres zoned LM-C provides for many permitted uses including mixed use retail, restaurants, banks, and personal services. Traffic count of 10,000 vehicles per day (per DOT) makes this one of the busiest roads in the area and the ideal place to open your business!

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 19-103, 19-104
Zoning: LM-C
Largest Nearby Street: I-95
Feet of Frontage: 452
Traffic/Vehicle Count: 10,000
Site Description: Permitted Uses: Public utility except power plant, water or sewage treatment plant, or refuse facility, Public park, conservation area, or preserved open space, Town cemetery, including crematory, Street, bridge, tunnel, railroad haul lines, Agriculture, horticulture, floriculture, Vertical mixed-use development, Retail store up to 10,000 sq. ft. gross floor area, Retail store over 10,000 sq. ft. gross floor area, Restaurant with food service located entirely within the building or on a patio or outdoor seating area operated in, Bakery, deli, coffee shop, ice cream shop, sandwich shop, or similar establishment preparing and selling foods for consumption off the premises; not including drive-through food service, Fish, shellfish, food processing, and wholesale sale, Bank, Business or professional office, excluding medical office, Personal service, such as a beauty salon or barber shop, dry cleaning and pressing or tailor shop, Bicycle shop, small appliance repair, Renting/leasing of vehicles, equipment, household, and functional supplies, Indoor recreation, such as a gym, indoor pool, tennis court
Lot Frontage: 452
Zoning Description: The purposes of the Lafayette-Main Commercial District are to encourage diverse, high-quality, and attractive commercial developments and mixed use developments on Lafayette Road, Main Street, and Toll Road, substantially consistent with the Salisbury Master Plan; to meet the goods and services needs of residents and visitors; and to create attractive, organized activity centers on Lafayette Road and Main Street.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,209 22,517 62,216
Median Age: 41.66 43.82 44.31
Households: 1,189 9,482 26,255

Contact

Photograph of Listing Agent

Shannon White

Bean Group NECPE Member
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