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Investment Highlights

  • Transformational Zoning
  • Prime Development Opportunity
  • Offers flexible redevelopment potential
  • Prime Location

Executive Summary

Prime Development Opportunity on Route 1High-Visibility | Transformational Zoning | 1.5 Acres of PossibilityAttention visionary developers, investors, and builders—welcome to one of the most strategic and high-exposure parcels on the North Shore. Located directly on bustling Route 1 in Salisbury, Massachusetts, this 1.5-acre property offers a rare opportunity to shape the future of a town undergoing a powerful transformation from coastline to town center. Positioned in a rapidly revitalizing corridor, this site offers flexible redevelopment potential ideal for: Class-A office space or professional medical suites, Senior living or assisted living residences, High-demand multi-family, duplex, or condominium units. This is your chance to create a landmark destination in one of the North Shore’s most talked-about coastal towns. The momentum is here—bring your vision to life.

Property Facts

Price $956,120 CAD
Price Per SF $341.47 CAD
Sale Type Investment or Owner User
Sale Conditions
Distress Sale
  • Build to Suit
  • Redevelopment Project
Property Type Flex
Lot Size 1.50 AC
Rentable Building Area 2,800 SF
No. Stories 1
Year Built/Renovated 1967/1994
Parking Ratio 7.14/1,000 SF
Zoning LM-D - Mixed use Comm/ Res

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Heating - Gas
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
SALI-000017-000000-000059
Land Assessment
$402,788 CAD
Improvements Assessment
$206,523 CAD
Total Assessment
$609,310 CAD
  • Listing ID: 35745753

  • Date on Market: 2025-05-05

  • Last Updated:

  • Address: 55 Lafayette Rd, Salisbury, MA 01952

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