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    450 South Broadway Salem, NH 03079

    Sponsored
    For Sale
    $399,999

    Established Franchise, High Traffic Location

    Property size:
    3,333 SF

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    364
    This exceptional opportunity presents the chance to acquire a well-established More Space Place franchise in Salem, New Hampshire. Operating since 2003, this business boasts a stellar 20+ year reputation for quality and customer service, specializing in Murphy beds, custom closets, and home office solutions. Located on busy Route 28, just half a mile north of I-495, the highly visible retail space benefits from strong signage, ample parking, and exceptional daily traffic exceeding 23,000 vehicles (per NH Department of Transportation). A separate warehouse/workshop space, conveniently situated off I-93 Exit 2, complements the retail location. The current leases will be renegotiated for the new owner. The sale is subject to franchisor approval. Prospective buyers are encouraged to conduct thorough due diligence. Detailed financial reports are available to qualified buyers upon execution of a Non-Disclosure Agreement. The business includes all fixtures, furniture, and equipment. This is a turnkey opportunity in a sales-tax-free environment.

    Property Features for 450 South Broadway

    General Information

    Property type
    Other retail properties
    Square Feet
    3,333 SF
    Elevators
    N/A

    HighLights

    • Established More Space Place franchise in sales‑tax‑free Salem, NH.
    • High‑traffic location on Route 28, near I‑495 and I‑93, with ample parking.
    • Includes retail space and separate warehouse/workshop; 20+ year history of success.
    Location Intelligence

    Current Use by Public Records

    NH Pawnbroker Service Pawn Shop Better Title Loans ... Loan Agency The City vapor glass ... Faculty Of Pharmacy T&G Nail Spa Nail Salon More Space Place ... Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    State
    New Hampshire
    Longitude
    -71.202939
    Latitude
    42.746499

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    FAQs

    What type of property is this?
    Other retail property - Established Franchise, High Traffic Location
    Where is this other retail property located?
    The property is located at 450 South Broadway Salem, NH.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Established More Space Place franchise in sales-tax-free Salem, NH.; High-traffic location on Route 28, near I-495 and I-93, with ample parking.; Includes retail space and separate warehouse/workshop; 20+ year history of success.
    (800) 281-1316
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    450 South Broadway Salem, NH 03079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 South Broadway Salem, NH 03079
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