8
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$635,000
$750,000 15.3%
Est. payment /mo
5,268 SqFt
Sold on 06/10/2025
203 Lafayette Road Salisbury, MA 01952
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Key Details
Sold Price $635,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $120
MLS Listing ID 73364908
Sold Date 06/10/25
HOA Y/N false
Year Built 1935
Annual Tax Amount $5,988
Tax Year 2024
Lot Size 0.780 Acres
Acres 0.78
Property Description
This 5,268 SF mixed-use property sits on 0.78 acres of land with strong visibility on Lafayette Road (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 for tie-in at the street. Highlights include: Four (4) Gas Meters, Four (4) Electrical Meters, Two (2) 10' x 10' Garage Bay Doors, Two (2) Pylon Sign Posts on Rt 1, Sewer Tie-In at the Street, plus Office, Retail, and Residential Uses. Traffic Count 8,490 VPD.
Location
State MA
County Essex
Zoning LM-C
Direction exit 90 from I-95N onto Toll Rd W, left onto MA-286 E/Pike St, Right on US1, property on right
Exterior
Utilities Available Public Water, Sewer Available, See Remarks
Total Parking Spaces 15
Others
Senior Community false
Listed by LandVest, Inc.
Bought with Liam Jerome • LandVest, Inc., Ipswich
Bought with Liam Jerome • LandVest, Inc., Ipswich
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