Well Located Opportunity in Salisbury Village Center

Office for Sale
Catylist Listing ID: 30802718
Property Subtypes: Office Building
Building Size (RSF): 4,624 SF
Sale Price: $799,000
Unit Price: $172.79 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/30/2023

Overview / Comments

Located in Salisbury village center, this property has exceptional possibilities. Possible use with approvals as office, retail, redevelopment into apartments, or use as a single-family residence. 3472sf residence, with 320sf office and 1152sf garage, currently home to a limousine business. Almost a half-acre lot with paved parking for 24+ vehicles in addition to the garage. Village Commercial (VC) zoning allows many uses by right or exception.

This is a great opportunity to be an integral part of the new development activity in Salisbury center, with the new library right across the street. Solid demographics, high traffic location with a seasonal surge.

All information was obtained from the seller and public information sources deemed to be reliable, prospective buyers are encouraged to perform due diligence as to material facts and suitability for their intended use. The business is not for sale, please do not inquire within.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 006/ 014
Zoning: VC
Year Built: 1880
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Heat Source: Central
Internet Access: Cable
Lot Frontage: 143.0
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,296 29,492 58,182
Median Age: 41.6 45.99 44.5
Households: 496 12,900 24,521
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