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$ 2,625,000
Est. payment /mo
Active
191 A Elm Street #191A Salisbury, MA 01952
13,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,700 sqft
Price per Sqft $191
MLS Listing ID 73060116
HOA Y/N false
Year Built 1988
Annual Tax Amount $13,415
Tax Year 2022
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Income-Producing Commercial Office Investment | Salisbury, MAPosition your portfolio for growth with this commercial office investment at 191 A Elm Street in Salisbury! Offering approximately 13,700 square feet of building area, this property presents an opportunity for investors seeking an established commercial asset with existing rental income and additional leasing potential.The property features approximately 4,087 square feet of net rentable space, with reported occupancy of approximately 73%, offering an opportunity to build on the existing tenancy and explore additional income potential as available space is leased.With reported net operating income of approximately $171,800 and a reported capitalization rate of 6.54%, the property provides an attractive starting point for investors evaluating income-producing commercial real estate. Buyers should independently verify all financial information, operating expenses, leases, and occupancy details.The office property is situated in Salisbury, a convenient North Shore location with access to major highways, nearby commercial amenities, and the Greater Newburyport area. Its regional accessibility makes it worth consideration for investors seeking a commercial property in the Southern New Hampshire and Massachusetts coastal market.Whether you're expanding an existing portfolio, seeking commercial rental income, or evaluating opportunities to enhance occupancy and long-term performance, 191 A Elm Street offers a compelling investment opportunity.
Location
State MA
County Essex
Zoning C
Direction Rte. 110 South Bound Side
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 220 Volts
Others
Senior Community false
Listed by eXp Realty LLC