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    Updated Condo Office Suite Title is generated by Realmo AI

    254 N Broadway Way, Salem, NH 03079

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    Claim this Listing
    For Sale
    $249,900

    Retail - Salem, NH

    Type:Retail
    Property size:
    961 SF
    Price / SF:
    $260/SF
    Added:
    Dec 3, 2025
    Days on Market:
    194
    Last Refresh:
    Jun 15 at 2:06 pm

    Property Features for 254 N Broadway Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Size
    961 SF

    Taxes and HOA fees

    Tax Annual Amount
    1895

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Christopher Masiello

    Listing agent Christopher Masiello

    Listing office Bedford, New Hampshire 163 South River Road, Keene, NH

    Listing date Dec 3, 2025

    MLS# 5071139 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location between Exits 2 & 3 off Rte 93, near The Mall at Rockingham Park and Tuscan Village, offering high visibility and accessibility.
    • 961 sq ft renovated condo office suite with new bathroom, hot water tank, tile ceilings, and fresh paint.
    • Versatile space includes a spacious lobby/reception area, large private office, larger office/meeting room, and small office/storage area.
    • Updated A/C unit and efficient natural gas heat.
    • New cabinetry in one of the rooms.
    • Stylish accent wall.

    Overview

    This updated condo office suite is located in the Breckenridge Plaza. The second-floor unit offers 961 square feet of renovated space, including a new bathroom, hot water tank, new tile ceilings in the lobby and hallways, fresh paint throughout, and a stylish accent wall. One of the rooms features new cabinetry. The suite includes a spacious lobby/reception area, a large private office, a larger office or meeting room, and a small office or storage area. The suite is equipped with an updated A/C unit and efficient natural gas heat. The property is conveniently located between exits 2 and 3 off Route 93, near The Mall at Rockingham Park and Tuscan Village, offering visibility and accessibility.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $25.4k $26.40
    − Vacancy −$3.4k −$3.51
    EGI $22.0k $22.89
    − OpEx −$5.5k −$5.72
    NOI $16.5k $17.17
    961 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $235.7K
    $206.2K – $275.0K (±1% cap)
    NOI $16,497 @ 7.0% cap · market cap 6.60%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $319.9K
    $280.0K – $373.3K (±1% cap)
    NOI $22,396 @ 7.0% cap · market cap 8.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.235112
    Latitude
    42.793653

    FAQs

    What type of property is this?
    Office units - Renovated office suite in prime location near Route 93.
    Where is this office units located?
    The property is located at 254 N Broadway Way Salem, NH.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Prime location between Exits 2 & 3 off Rte 93, near The Mall at Rockingham Park and Tuscan Village, offering high visibility and accessibility.; 961 sq ft renovated condo office suite with **new bathroom, hot water tank, tile ceilings, and fresh paint.**; Versatile space includes a spacious lobby/reception area, large private office, larger office/meeting room, and small office/storage area.
    More about this property
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