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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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150 Lafayette Rd , Salisbury, MA 01952
$2,500,000
Est. Payment: $5,555.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 14
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AN4227 - CT008226
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House Description

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

Highlights

Listed by Justin Brown , 617-461-6511 Three Hills Real Estate Service, LLC , 833-434-4557.

Property Type

Vacant Land

Lot/Acreage
92.24

County

Essex

Listing ID

73570990

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Other

Exterior Features

Lot:Wetlands
Zoning:LM-B / R1
Sewer:Other
Principal Interest
$5,556
Taxes
$1,594

Home Price

$2,500,000

Loan Details

30 yrs
%

Down Payment

20%
$500,000
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Monthly Price:
$5,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,555.56 $1,593.75 $0.00 $7,149.31
Yearly $66,666.67 $19,125.00 $0.00 $85,791.67
Total $2,000,000.00 $573,750.00 $0.00 $2,573,750.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salisbury, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.