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42 North Broadway Rte, Unit 28 Salem, NH

For Sale
$2,000,000

1.25-acre development land suitable for retail or office use.

Property size:
54,450 SF
Lot size:
1.29 Acres

Property Features for 42 North Broadway Rte

General Information

Size
54,450 SF
Lot size
1.29 Acres

Source: Shea Commercial Properties Agent Harry Shea

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Development Land on Broadway

This 1.25-acre (approximately 54,450 square feet) development land is located on North Broadway (Route 28). The site benefits from its convenient access to I-93, Exit 1 and Exit 2. The location and exposure are well-suited for retail or professional office use, particularly businesses that require high visibility and walk-in traffic. Zoned Commercial District "CIB", permitted uses include general retail stores, banks, business and professional offices, restaurants, and personal service shops. The property is also located within the "Depot Village Overlay District," where the Planning Board has the authority to modify underlying zoning restrictions to facilitate development. Mixed-use developments with retail on the first floor and office or residential space above are permitted, subject to additional restrictions. Senior housing is allowed as a mixed-use development with a maximum density of twelve units per acre. Senior housing and assisted living facilities are also permitted at a density of no more than twelve units per acre. Business and professional offices, including medical offices, are allowed up to 15,000 square feet per building. Note that any existing building on the site will be taken down.
Location Intelligence

Current Use by Public Records

Commercial land

Map

City
Salem
County
Rockingham
State
New Hampshire
Longitude
-71.2199
Latitude
42.7902

FAQs

What type of property is this?
Land - 1.25-acre development land suitable for retail or office use.
Where is this land located?
The property is located at 42 North Broadway Rte, Unit 28 Salem, NH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Prime location on North Broadway (Route 28) with high visibility and walk-in traffic potential.; - Convenient access to I-93, Exit 1 and Exit 2.; - Zoned Commercial District "CIB" allowing for a wide range of uses including retail, offices, and restaurants.
More about this property
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