Visibility-Frontage-Cannabis Overlay 188 Lafayette Rd Lot | Terrain commercial | 0,72 ha | À vendre | 1 199 389 € | Salisbury, MA 01952

Address: 188 Lafayette Rd (Route 1) Salisbury MA 01952
Lot Size: 1.79 Acres (77,972 Square Feet)
Utilities: Town Water, Sewer tie-in available, Gas available
Frontage: 324 Feet on Route 1 / Lafayette Rd
Zoning: LMB. LM-B Lafayette Main District B
Overlay: Marijuana Overlay District
Parking: Over 100 existing parking spaces on-site, a significant asset for any commercial or mixed-use development.
Visibility: High Visibility and Traffic Count
Existing Buildings: Restaurant Building ~ Approximately 8,066 sf. Residential Building ~ Approx. 1,476 sf
Location: Minutes from Route 95
Highway Access: Minutes from major routes: I-95, I-495, and Route 286
Enhancements: Lafayette Rd Infrastructure Improvements: New water and sewer lines, dedicated bike lanes, sidewalks, and two new roundabouts within a .05-mile in both directions, etc.
Opportunity
Uses: Many and varied uses allowed by right
Development Possibilities include Restaurant, Brew Pub, Retail, Multi-Family Housing, 40B Development, Mixed-Use Projects, R & D Laboratories, Professional/Business Offices, Educational Facilities, Religious Organizations, and more!
Building Potential: Building height up to 3 Stories or 45 Feet by right, allowing for significant vertical development.
Cannabis Zoning: Marijuana Related Business Overlay District and Zoning
This is a rare opportunity to acquire a substantial parcel of land in a prime location on Route 1 in Salisbury.
The flexible LM-B zoning, significant frontage, existing infrastructure, and recent public improvements make this an ideal site for a wide range of commercial and residential development projects. The property benefits from high traffic counts, excellent regional access, and the ongoing revitalization of Lafayette Rd. corridor.