$599,900
●
Land -
For Sale
55 Lafayette Rd
Salisbury, MA 01952
Studio
0 Bath
$3,343
Est. Monthly
About This Property
Exceptional development opportunity on Salisbury's revitalized
Route 1 corridor! This 1.48-acre parcel offers outstanding
frontage, high visibility, and convenient access to I-95, Route
110, and the New Hampshire border. Preliminary civil engineering,
including wetlands delineation, indicates the potential for up to
six residential units, subject to all municipal, state, and
regulatory approvals. Additional Preliminary due diligence
materials available upon request . Salisbury's ongoing $18+ million
Route 1 improvement project includes reconstructed roadways,
upgraded utilities, new sidewalks, shared-use bike and walking
paths, roundabouts, and traffic flow enhancements, further
strengthening this premier location. Ideal for builders,
developers, investors, or owner-users seeking a high-exposure
property with exceptional long-term redevelopment potential. Buyer
to perform all due diligence.AI generated Renderings are for
Illustrative purposes only and are based on the civil engineering
concepts .
Unit Size
-
Days on Market
-
Land Size
1.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
$396
HOA Dues
-
Year Built
1967
Listed By
Revelution Group
Castles Unlimited® - Commercial
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (MLSPIN #73553025)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Listed by eXp Realty LLC - Corporate Office | $599,900 | |
| Listed by eXp Realty LLC - Corporate Office | |||
| May 2, 2026 | No longer available | - | |
| No longer available | |||
| Mar 5, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 3, 2026 | Price Decreased |
$599,000
↓ $100K
(14.3%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by eXp Realty | $699,000 | |
| Listed by eXp Realty | |||
| | |||
|
Strategically positioned along Lafayette Road in Salisbury, this high-exposure commercial asset presents a compelling opportunity for developers seeking frontage within a proven retail and commuter corridor. The property offers exceptional visibility, strong daily traffic counts, and direct accessibility to Interstate 95, while capturing cross-border consumer flow from nearby New Hampshire. Positioned within an established commercial ecosystem supported by surrounding residential density, the site provides a strong foundation for redevelopment, repositioning, or ground-up transformation. On-site parking and an efficient layout enhance usability during interim operations or phased development. With limited Route 1 frontage available in this coastal submarket, this offering represents a rare opportunity to control a high-visibility parcel with long-term appreciation potential, scalable exit strategies, and strong underlying land value fundamentals.
| |||
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Wetlands, Other
Lot Size Area: 1.48
Lot Size Units: Acres
Lot Size Acres: 1.48
Lot Size Square Feet: 64469
Water Source: Public
Financial Details
Tax Assessed Value: $471,800
Tax Annual Amount: $4,757
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Address: 335 Madison Avenue, New York, NY 10017