34 Bridge Road, Salisbury, MA

34 Bridge Rd Salisbury, MA 01952

Salisbury
FOR SALE
Property Type:
Free Standing Building
Amount:
$800,000
Last Verified:
Mar 19, 2024

Highlights

  • Ample Parking Available
  • High-Traffice Retail Area
  • Located off Route 1
  • Salisbury Beach, Downtown Newburyport are only minutes away

Description

SVN | Parsons Commercial Group | Boston is pleased announce the opportunity to purchase 34 Bridge Road, in Salisbury, MA. The property is a retail building totaling in ±3,678 square feet for sale. The one-story building sits on approximately 2.17 Aces of land and has ±60 surface parking spaces available.

There is currently a lease that renews in January for another 5 years at $5,000/month NNN. The asking price is $900,000.

The property is a free standing wood frame building on a flat lot. The interior consists of a full service
restaurant having approximately 144 seats, and ±30 seats in the lounge and bar area. The property includes
a full liquor license, in addition MA state lottery and Keno.

Salisbury, MA is a seaside town on the northern border of Massachusetts. Surrounding towns include; Newburyport, Newbury, Haverhill, and Merrimac NH. Interstates 495, 95 and Route 1 are easily accessible. Route 1 is a heavily traveled commuter and business route leading to Southern NH.

34 Bridge Road is located directly off of Route 1. I-95 is located 2.5 miles (approx. 6 min drive) away, I-495 is located less than 6 miles (approx. 11 min drive) from the property. Newburyport is a 5 minute drive (2.4 miles) from the property, and has ample restaurants/retails/amenities. 34 Bridge road is also located near Salisbury Beach, which gets a lot of foot traffic especially in the summer. Overall this is in an excellent location for convenience and visibility.


Year Built: 1953
Building Size: 3678sq ft
Lot Size: 0.0 acres


Documents

34 Bridge Road Brochure-compressed_2.pdf

Map of 34 Bridge Rd, Salisbury, MA, 01952

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.