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150 Lafayette Rd Salisbury — Photo 1 of 19

150 Lafayette Rd Salisbury — Photo 1 of 19

$2,500,000

Investment Analysis — 150 Lafayette Rd

Salisbury, MA 01952

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01952 carries an estimated $2,080/mo in gross rent — about a -0.44% cap rate and $-11,030/yr in estimated NOI at the $2,500,000 list price. Adjust every assumption in the calculator below.

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Rare 92.26-acre land assemblage at 150 Lafayette Rd, Salisbury, MA offered together across six lots. Route 1 commercial frontage plus a large LM-B rear lot give this offering real development weight, not just open acreage.This is not only the front Map 22 Lot 140. That front piece is about 3.46 acres, zone LM-B, with large-development plans that were approved a couple of years ago for a rehabilitation-center concept. Those plans were never built and do not exist on the ground today. They are a historical approved example of what LM-B frontage here can support, not a current use and not a standing facility. Also in play is Map 22 Lot 62: 26.92 acres Rear Lafayette, zone LM-B (assessor LUC 391 POTENTL-COMM). That is substantial commercial-zoned land with build potential of its own, contiguous to the frontage story. Together, the two LM-B lots are the core of this assemblage. Map 22 Lot 140: 3.46 acres at 150 Lafayette Rd, zone LM-B (assessor LUC 390 LAND-COMM). Map 22 Lot 62: 26.92 acres Rear Lafayette, zone LM-B (assessor LUC 391 POTENTL-COMM).Map 23 Lot 63: 48 acres, zone R1, assessor unbuildable (LUC 132).Map 23 Lot 64: 8.7 acres off Seabrook Rd, zone R1, wetlands as calculated by MVPC (LUC 132). Map 23 Lot 57: 2.18 acres on Seabrook Rd, zone R1 (LUC 132).Map 23 Lot 87: 3.00 acres Rear Lafayette, zone R1, assessor unbuildable (LUC 132).The R1 lots include assessor-unbuildable and wetlands land and should be treated accordingly. Buyer must independently verify zoning, wetlands, access, density, and all permitted uses with the Town of Salisbury. Do not rely on any assumed units-per-acre figure. It is believed that there is potential to build up to 6 units per total acreage and that those units may be condensed into the buildable zone. Sellers are willing to provide due diligence time so a buyer can lock up the property and confirm what can be built on the LM-B land. Seller reserves the right to accept an offer at anytime

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,500,000
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterOther
SewerOther

Building & Exterior

Construction--
Roof--
Foundation--
ZoningLM-B / R1

Property & Lot

Acres92.26
SqFt Lot4,018,054
Lot FeaturesWetlands, Other

Geography

Listing Provided By

Listing Agent: Justin Brown

Listing Office: Three Hills Real Estate Service, LLC

MLS® Number: 73570990