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

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Property Overview

Price/Rent PSF $ 1,500,000.00
Asset Type Land
Trade Type Sale
Acres Available 1.58
Date Available 11/24/2020
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Description

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

Sale
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.

Location

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