Prime Development Opportunity on Route 1 in Salisbury, MA .This is a rare opportunity to acquire a substantial parcel of land in a prime location. 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 the Lafayette Road corridor. Lot Size: 1.79 Acres. Frontage: Exceptional 324 feet of direct frontage Development Potential 3 stories or 45' Utilities town water and sewer tie in available Zoning: LM-B Lafayette Main District B, offering a wide array of development possibilities including: Restaurant, Brew Pub Retail Multi-Family Housing 40B Developments Mixed-Use Projects R&D Laboratories Professional/Business Offices, Educational Facilities, Religious Organizations and more!
188 Lafayette Rd., Salisbury, MA, 01952
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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