Prime Commercial Development Site Near I-95 & Route 110 Intersection

295-297 Elm Street Amesbury, MA 01913

FOR SALE
Property Type:
Other Land
Amount:
$1,500,000
Last Verified:
Nov 24, 2020

Highlights

  • Prime Commercial Development Opportunity
  • 1.58 Acres with Additional .96 Acre Possible
  • OP Zone Within Priority Development and Elm St Overlay Districts
  • Intersection of Elm St, MA Route 110 and Interstate 95
  • High Traffic Location

Description

Faulkner Commercial Group is pleased to present for sale this prime commercial development opportunity at the intersection of I-95, MA Route 110, and Elm St in Amesbury, MA. This assemblage of two properties totaling 1.58 acres with 4 existing curb cuts is located on Elm St, a short distance from downtown Amesbury, Newburyport, Salisbury, and the New Hampshire seacoast. The recent extension of the Amesbury/ Salisbury Rail Trail abuts the site.

Neighboring businesses in the area include Hampton Inn, Fairfield Inn, Amesbury Chevrolet, Stop & Shop as well as restaurants, retail and banks in the Carriagetown Plaza and Crossroads Plaza. This site benefits from significant traffic on Route 110 (22,248 VPD), Elm St (11,108 VPD, and I-95 (59,681 VPD). Two additional lots totaling .96 acres owned by MassDOT may be able to be added to this assemblage. A previous developer applied for a 4 story, 115 room hotel on this combined site. The site is located in the Office Park (OP) Zoning District and is within the Priority Development Overlay District (PDOD) and the Elm St Overlay District (ESOD). Many uses are allowed by right or special permit.

All information was obtained from the owner and public records. Prospective buyers are encouraged to conduct due diligence as to material facts and suitability of this opportunity for their purpose.

Located near the intersection of Interstate 95 and MA Route 110, in the Golden Triangle of Amesbury

Lot Size: 1.58 acres

Map of 295-297 Elm Street, Amesbury, MA, 01913

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.